On the recordApril 15, 2010
The lesson of OTS is not that we necessarily need more regulators, because clearly regulators can suffer the same flaws as banks--selfishness, shortsightedness, ineffectiveness.
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congress.govThe lesson of OTS is not that we necessarily need more regulators, because clearly regulators can suffer the same flaws as banks--selfishness, shortsightedness, ineffectiveness.
Coburn emphasizes the need for better regulatory incentives rather than just increasing the number of regulators.
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The important thing is to restore the confidence in the country, in terms of what you are doing, why you are doing it, and how you are doing it.
You have lost their confidence--and that is not one party--that is both parties.
So, what you are really doing is fighting a dark force that does not want the American people to know what is going on up here.