"I disagree with that. There are numerous studies from the Bank for International Settlements (BIS), which is a widely-acclaimed source. It is neutral, it is not political, and it says that higher capital decreases lending."
"Yes, because if we increase the capital associated with taking a position and a derivative, it is going to increase the costs."
"We created the Fed in 1913 for a single reason: to be the lender of last resort."
"We shouldn't do that again. So, I am skeptical whether all of these resolution procedures will actually be used."
"My primary concern is, and I agree with Congressman Sherman, that we need to take all costs and all benefits into account here."
"Quite frankly, Congressman, I think we have a history of not wanting to see what happens when we don't bail out banks."
"We need to do a much better analytical job of evaluating these proposals."
"I think any banker I have ever talked to has said that higher capital increases, decrease lending."
"I think there should be much more legislative control over this process than has existed in the past."
"What about large publicly-traded banks and other financial institutions which provide loans to small family farmers and ranchers?"
"The SEC received a record 15,000 public comments on the rule--15,000--surpassing the most comments garnered by any single proposal in the history of the Securities and Exchange Commission."