Joyce Beatty actually said...

In fact, it is double the national unemployment rate, and I think most people--you included--would agree that is unacceptably high.

To the extent that a prudential standard is intended to mitigate systemic risk, it should be tailored to the bank's systemic risk.

I believe, as many of you said in your testimony, that the $50 billion threshold doesn't accurately measure systemic importance.

Unfortunately, that is not what they have done.