On the recordJune 20, 2012
I think that this situation that we are in as a system is to try to find ways to coax banks to do the MSB work.
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congress.govI think that this situation that we are in as a system is to try to find ways to coax banks to do the MSB work.
Ellison discusses the need for banks to engage in MSB work despite perceived risks.
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It’s like, ‘yeah, we think he’s a fascist and now that he has power, we’re scared, and so we’re trying to keep our head down so we don’t attract the negative attention of the fascist.’