04/10/2018
https://www.congress.gov...
"Is it your recommendation today that the Fed aggressively require divestment of commodities by banks that are also trading in the price of those commodities?"
"Well, this is happening regularly. We have banks that control pipelines."
"I wanted to go back to the challenge of regulatory capture."
"There is something fundamentally wrong with it, apart from safety and soundness, which is essentially a monopoly control or influence that raises the price of the end product."