On the recordApril 26, 2010
Let me tell you why this is so important and why your oil analogy really doesn't work.
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congress.govLet me tell you why this is so important and why your oil analogy really doesn't work.
Kaufman emphasizes the importance of understanding market decisions in financial practices.
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I think this is all the ability to know you just cannot have two different sets of rules for people, and if you are powerful and you have got money and you have got good accountants and good lawyers, you can get away with something that…
You are one standard, bright, consistent star that we know we can always turn to.
I do not want people sitting around in their office on Wall Street saying, Well, you know, we have kind of been doing this, and it has kind of worked for us, so we are going to keep doing it.
a paper tiger that will fall apart the minute it is tested in a real life financial crisis