03/03/2010
https://www.congress.gov...
"We cannot overestimate the impact this had on the financial crisis."
"And, second, your proposal, of course, is not mandatory, and simply giving the information, if everyone is in the same boat--and just a few of them doing the same practice might prove to have the same..."
"As you said, 54 out of the 69 banks that have failed this year were State chartered banks."
"I think that was a big mistake and one of the things that got them into trouble."