Juan Vargas actually said...

I am not going to defend Chairman Gruenberg because I think it is indefensible, personally.

Somehow, my friends on the other side think that they are made-up risks. They are imaginary risks.

By the way, it was the same thing with Dodd-Frank. When I got here, Dodd-Frank was the boogeyman.

I think banks are much more sound when they don't put their head in the sand, and take a look at what is happening nationally and internatio...