Mike Crapo actually said...

we really do need a consolidated audit trail and a set of regulators that can actually look over this stuff

Crapo emphasizes the necessity of a consolidated audit trail for better market regulation.

09/19/2012

More Mike Crapo Quotes

A streamlining of regulatory requirements is necessary to ensure small depository institutions remain competitive.

With some 220 rulemakings finalized, we still have no idea what the cumulative cost of Dodd-Frank is or will be.

Dodd-Frank requires about 400 new rules to be written and approved by the Federal financial regulators.

We cannot pretend that these additional costs are not passed on to consumers.