As with all big problems, I believe we need to start with a compassionate heart and a sound mind that prioritizes evidence and data while addressing root causes as we consider solu...
I believe the evidence is clear that simply throwing more money at the problem is not the cure-all that we would probably like to believe.
But without having some uniformity, it creates a tremendous problem of uncertainty as well as safety.
We worked hard on Dodd-Frank, I was a part of that, and we worked hard to reduce the complexity and increase the comparability between banks...
I think that is the core of the argument here we have today.
I remain just a bit skeptical because it wasn't until this morning, in this surprise editorial in The Wall Street Journal...
Well let me ask you, is this a major, number one priority for the CFTC to correct this?
Yes, that is correct.
There is a good amount of very serious and legitimate concerns about coins that are being offered.
No law is perfect. And that is to say Dodd-Frank is not perfect.
I am proud to say this, that if it weren't for the most stringent capital leverage requirements that we put in place, our financial system w...