02/25/2015
https://www.congress.gov...
"Because you cannot--I do not believe you can have one institution or two institutions this big with very thin capital, because you are waiting for the time bomb to go off."
"I believe that this is a grave mistake that will make it more difficult to reform our financial system and that will potentially expose taxpayers to even greater losses."
"Thank you, Mr. Chairman."
"As we consider the future of the GSEs, I believe we would be wise to remember the disastrous consequences that poorly regulated GSEs can have on our financial markets."