Tom Coburn

When you have a Justice Department that selectively enforces the law rather than carries out its oath to fully enforce the law, you have problems like this that occur.

You just closed the accounts?

Was there a formal report inside the bank on that investigation?

I urge you to ratify it as quickly as possible, you will get many more accounts, and you can get them quickly.

How many noncompliant accounts were identified as part of your efforts?

Responses of Credit Suisse to supplemental questions for the record from Senator Tom Coburn.

I am concerned that the Committee is escaping the fundamental question of whether or not TRIA is a permanent federal program.

The unwillingness to even discuss a wind down of TRIA and potential perpetuates the disincentives to innovate beyond the current TRIA framework.

In listening today, my question is, is there a doubt that there will ever be, in your minds, a private terrorism risk insurance without a TRIA program?

Provide temporary financial compensation to insured parties, contributing to the stabilization of the United States economy in a time of national crisis.

The current setup where all of the gains are privatized while some of the losses are socialized is not an environment that fosters innovative solutions and accurate pricing.

I am fairly new to the banking industry but not new to following TRIA.

If, in fact, you say there is a report to Congress that is due every year, here is what we spent on conferences.

Anything that we would do--one of the things, transparency is really helpful.

So basically if they decide the guidance does not apply, they can still do it. Correct?

Yes. And where is that posted now?

On December 19, 2013, Chief Warrant Officer Two Billings gave the ultimate sacrifice to our country while serving as a U.S. Army UH-60 Blackhawk helicopter pilot in support of the International Security Assistance Force in Afghanistan…

You would work to avoid any undue influence, how do you do that when you have a Member of Congress or a significant management officer at Homeland Security trying to influence you?

There will be an objection to a rollcall vote because the opportunity to amend this bill has not been made available to Members of the Senate. I have two specific concerns with the bill--I am writing my whole letter right now on this…

If people are interested, coburn.senate.gov, and they can get that information. Everything we have, every study we have published, all the waste, all the duplication. I have one other item. There is at least $200 billion a year that the…

Grant reform is a big deal to me because I think with the dollars that we are going to spend, ought to be spent to actually reduce risk rather than to satisfy or make a politician look good.

We ought to take advantage of what they have learned and their leadership.

One of the questions that has surrounded a lot of Homeland Security spending is whether we spend the money on risk or we spread the money out.

I think that is a wise thing to do.

If Homeland Security cannot apply the very rules to itself it is asking other agencies to comply with, what authority can they have in executing cybersecurity at other agencies if they do not even follow their own rules for their own…