We appreciate that very much. And let me just say we appreciate very much as well the Administration's continuing conversation with us.
Instead of helping people understand risk, it was hiding risk, in effect, too often and relying on the people who paid their salaries.
The question is how do you do this. We all recognize the problem. Now what is the answer?
We need to restore honesty and integrity to our financial system.
I again want to commend you, your colleagues, and the Committee staff for the serious way in which you have attacked this national problem.
It's clear that we need to end charter shopping, where institutions look around for the regulator that will go easiest on them.
This is not to punish some or discipline some, but rather to try to think in 21st century architectural terms.
What we are trying to do here is fashion, obviously, a piece of legislation that comprehensively deals with all of this, and the hope is we ...
The most common argument is not that it's a bad idea--it's that consolidation is too politically difficult.
Let me interrupt here. I want to make sure I get Senator Bennett in before the vote.
I really do not see that as a symptom of the fact that you have four different regulators overseeing different charters for FDIC-insured ins...
We need to preserve our dual banking system.
That shouldn't govern what decision is made.
I hope not. I do not think many of the detractors of the current independent consumer agency proposal would continue to oppose the legislati...
Last week I suggested further consolidation of bank regulators would make a lot of sense.
I do support merging OCC and OTS.
The international community has condemned President Omar Bashir for his role in authorizing this genocide.
I hope that the President will continue to apply forceful pressure on the Sudanese Government to end the violence in Darfur.
