03/14/2012
https://www.congress.gov...
"I want to thank Senator McCain and his staff for their hard work in making today's hearing and our bipartisan report possible."
"Federal financial regulators should make clear to banks that participating in abusive structures designed to avoid leverage limits and taxes is unacceptable and penalize the banks that do."
"The structures that we have examined today have real consequences because they offload billions of dollars in taxes."
"Congress and financial regulators can and should work together to stop these abuses."