Absolutely.
I would be wary of prescriptive things like limiting dividends and that sort of thing.
these regulations [that have been imposed since the 2008 financial crisis] are new and we should be willing to adjust them as we learn.
I think it is, to me, very clear that financial institutions are much stronger, safer, sounder, more resilient, better capitalized, more liq...
We do not want our banks to turn into Government mutual funds, where they hold only Government securities.
I agree with that. I would add two quick things.
I do not know that there is a tradeoff, and I think, again--I do not want to look at the pre-crisis levels of liquidity as any kind of a ben...
I think every study does consider the question--every study I have seen--I have not read them all, but I have read a lot of them--every stud...
I am very troubled by the leak.
I cited that and referred to that in my testimony, so I do not think you can take any single piece of research as wholly dispositive.
It is very clear that banks have reduced their portfolios of fixed-income securities.