the problem was on the borrower and not the lender.

If you have the courage of your convictions, let's bring it on.

I originally wanted it to be a single director. The intraparty votes in the House... wanted it to be a commission, so we compromised.

No, absolutely not. I agree with them that it would be a mistake.

With regard to asset managers, to clarify, I don't think as a general rule they should be. AIG could have, should have been.

I don't think that--if that is your major--if that is all you do is asset management or sell life insurance, I don't think you should be a SIFI.

My biggest problem with the regulators, frankly, is they are equating the two kinds of mortgages.

I do think that the complexity issue of the Volcker Rule and the push-outs help.

The question I had to ask you is this: Why do they not want to be designated?

I do think there is room for subtlety in that, but I don't think Glass-Steagall does it.

The incentive became to make a quantity of loans and not quality.