I want to again publicly thank Jack Reed for his work.
There are two areas... that deserve special recognition for the problems.
Yes, but, OK, two points I would make. My time is up. But, number one, it would be done on a random basis and secretly, ...
It is clear the system as it exists is broken, and I want to look forward to working with Chairman Dodd, Senator Reed on...
What we found out was that rating systems were filled with conflicts of interest.
I am proposing, in addition to Senator Reed's bill and the Administration's proposal, that for every ten rated products,...
Senator Shelby and I are determined to have this be a very inclusive process.
And, second, your proposal, of course, is not mandatory, and simply giving the information, if everyone is in the same b...
I share that view with my colleague, Alice Rivlin, who I think has testified to this Committee.
As you said, 54 out of the 69 banks that have failed this year were State chartered banks.
We have all gathered here today with one common goal, to make our financial regulatory system strong enough to prevent a...