06/27/2012
https://congress.gov...
"He believes that it has destroyed liquidity, as well."
"I feel like trying to substitute for excessively low capital minimums with regulation policy is not going to work, and it is a dead end."
"I think it is worthy to explore to what goal and what end we are utilizing that."
"But I think a crucial point is that the longer that we delay the decision, the bigger the chance that we get asset price bubbles, credit bubbles."