I think it is time for FHA to face facts. We have to.
The Actuarial Report is not good.
We certainly believe that we need to keep FHA in a position where our new books of business are producing substantial revenue for the taxpay...
I think this is a worthy goal as strong capital requirements are essential for a safe and sound banking system and also to protect against t...
The Basel framework has spawned startling degrees of complexity and an over-reliance on probably unreliable models.
I think it is very, very important.
Unfortunately, one of the clear lessons of the financial crisis is that bank regulators set capital requirements too low.
The Bank of England Governor, Mervyn King and several other prominent economists in the world have said that the Basel III capital standards...
The poor record of Basel I, II, and II.5 is that of a system fundamentally flawed. Basel III is a continuation of these efforts, but with mo...
Dodd-Frank granted the Bureau the power to set its own budget and spending priorities without any Congressional oversight
Do you disagree that if the statute is clear, unambiguous, that you cannot change that statute by rule?