We have rigorous stress testing around those models.
Blame must primarily be placed at the feet of these financial institutions which gambled and then cashed in on exorbitant transaction fees f...
This is not a war that we are going to win just by military might alone.
I have been long concerned about the tendency of agencies with national and homeland security responsibilities to focus exclusively on stren...
Having listened to that, it is, I think, very insightful, and it seems to be a great approach.
And it raises the question with respect to the Federal Reserve that if these documents are solely within the purview of the Federal Reserve,...
You know, making the diagnosis that you are ill and then not treating the patient is, you know, malpractice.
The governance structures, the firm managers, and sophisticated models all failed to capture the magnitude of the risks that were building.
When self-interest and market discipline break down, we hope that the safety net of regulators will guide us out of the storm.
The trillions of dollars in losses stand as witness to the many failures of risk management at these firms.
This financial crisis has demonstrated that, contrary to the presumption of many, financial institutions were unprepared and in many cases i...
I would hope it would be public.
We depend on that when it's fully up to be about 40 percent to almost 90 percent of the movement of passengers.
If we could keep Manas that would be great. If not, we do have other options.
Our allies in this effort cite the situation of easy access to firearms in the United States as a major threat to their stability and conseq...
I think we need a new, more stable funding mechanism for transit across the country.
We have to take strides in this nation to make sure that our big cities--can avoid that to the greatest extent possible.
Thank you for holding this important hearing as we begin the process of reauthorizing our nation's surface transportation policy.
