09/19/2012
https://www.congress.gov...
"one of our recommendations in our report is that the OCC get banks to use independent pricing services"
"We have gone into the concerns which we have had about the whale trades all day long."
"A large jump in risk limit breaches is a worrisome pattern."
"And when he testified that the SCP was to protect against Scenarios 2 and 4, you go all the way over to number 10 to try to find some scenario in which it might be helpful."