On the recordJuly 13, 2011
I want to comply with the law. I can't read it. And I can't afford to hire an army of lawyers to come in and read it for me and then tell me what I am supposed to do.
Source
congress.govI want to comply with the law. I can't read it. And I can't afford to hire an army of lawyers to come in and read it for me and then tell me what I am supposed to do.
McHenry emphasizes the difficulty of understanding legal regulations for community banks.
Share
More from Pat McHenry
FSOC's purpose is straightforward: to identify risks that could impact our financial stability; to promote market discipline by eliminating expectations of bailouts; and to respond to emerging threats.
Is this a place where you would want to work? Based on your spending weeks on this project, would you want to work in this environment?
We have financial regulators that are implementing stuff that is even more impactful than trade negotiations.