10/05/2011
https://congress.gov...
"You have transferred your risk, you have no contractual obligation to take that risk down, and yet you are still holding capital gains."
"That, to me, doesn't make any sense at all. And it is penalizing the economy in terms of billions of dollars that could be released back if you release that equity."
"Whether it be in automobile, floor plan, or credit card, you have already transferred the obligation or the risk portion of the paper, and now under Dodd-Frank, we are asking you to retain something t..."
"My understanding is, as of yesterday, we now have nine running banks that have access to the SWIFT system."