Bill Huizenga actually said...

"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."

"Flight of capital to something that was solid, the Swiss franc, and that was the reaction that they were having to deal with."

"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."