01/14/2009
https://www.congress.gov...
"Will you as the regulators implement Basel III capital?"
"We do not want to go down that road."
"You have to look under the hood and make sure there are not any regulatory gaps in there that would bring systemic risk."
"The truth is that there was as great deal of agreement on a number of issues until the White House decided that the only issue that mattered was the creation of a massive new consumer bureaucracy."