04/26/2010
https://www.congress.gov...
"We cannot do this in a cocoon."
"The Europeans are using it as a smokescreen for their own regulation failure."
"I am in favor of better regulation of behavior, as Dr. Hoenig laid out, but I am afraid that we have seen time and again, all our regulators, particularly around big finance, get captured."
"We should make it very clear that our banks cannot deal with financial institutions and banks from these jurisdictions that don't comply with the highest standards of regulation."