Carney agrees with Levitin's assessment of the accounting issue.
11/15/2011
https://congress.gov...
The question that must be answered is if a private credit union fails, where does the responsibility lie?
I am not sure I will need the whole 5 minutes.
Notwithstanding some of the rhetoric in this committee, we can't bail out banks in the way that was done in 2008.
I think that the purpose here is to gum up the works so that in the case of the CFPB, the Consumer Financial Protection ...