Let me talk to Mr. Cole. As the umbrella regulator of several large financial institutions, do you feel that you are res...
you need to do more here, and that is one of the main tools that we have, is that type of horizontal review.
I have been long concerned about the tendency of agencies with national and homeland security responsibilities to focus ...
This is not a war that we are going to win just by military might alone.
The trillions of dollars in losses stand as witness to the many failures of risk management at these firms.
The governance structures, the firm managers, and sophisticated models all failed to capture the magnitude of the risks ...
We have rigorous stress testing around those models.
But, you know, it goes back to the question I raised before, to which I think you affirmatively responded, that in terms...
Well, let me raise--because this has been publicly discussed.
I will say, though, that in terms of really doing our job, if we sense that there are deficiencies and need to do more t...
Yes. Mr. Long, the same sort of set of issues about reliance upon information and being a captive of the regulated entit...
You know, where was the risk assessment at the enterprise, as you described it?
But there is another way sort of to get the message across to the marketplace, and that is enforcement action.
If we could keep Manas that would be great. If not, we do have other options.
We depend on that when it's fully up to be about 40 percent to almost 90 percent of the movement of passengers.
Our allies in this effort cite the situation of easy access to firearms in the United States as a major threat to their ...
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.
