I am sorry. Surely, you are not going to take the position, Mr. Dudley, that if most of the time most of what the Fed does is boring or even does its job, that it is OK every now a...
You want the big financial institutions to hold up a mirror and look at their behavior, because, you say, otherwise, we ...
Illegality is not the test. The test is what threatens the safety and soundness.
I think you should have been investigating a whole lot earlier.
The test for safety and soundness is not whether or not the activity is legal or illegal.
the deal with Goldman was, quote, 'designed to help Santander artificially enhance its capital position.'
this shady deal was clearly intended to help Santander evade the regulations, in this case, capital standards, of the Eu...
Based on your responses today, the New York Fed is not there in terms of acting on the issues it identifies.
So, I understand that you believe that you have made progress in implementing the recommendations from the Beim report.
I would like to have a 'yes.'
either you need to fix it, Mr. Dudley, or we need to get someone who will.