On the recordJanuary 7, 2009
We have got a big problem, maybe $2 trillion or more with bad assets.
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congress.govWe have got a big problem, maybe $2 trillion or more with bad assets.
Kent Conrad emphasizes the severity of bad assets in banks.
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I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.
I would say personally I would not go to a company advising me on wealth management that did not have it because I think whoever is advising me ought to have as their highest responsibility to be giving me advice that is in my interest.
I am eager to hear from our panelists to get a better sense of all the options they considered and how they reached consensus on the final report.