I think it is something that may help explain some of the cultural issues that seem to be coming up time and time again.
I think the current law is not effective in accomplishing what it set out to accomplish.
If we need the expertise that comes from having been in these sophisticated transactions in order to understand and regulate them, how do yo...
I would rather see a class of professional regulators very well trained and very well incentivized to do that which is right rather than jus...
It seems to me on that third point that the best--the very good examiners are going to need that.
I think it takes Congress to do something like that.
People really respond to incentives, and so one of the problems of Government service in an agency like the Federal Reserve is frequently th...
Does this not indicate you are just asleep at the switch?
That is just a fundamental fact of that case that you are presenting as too big to jail.
Does this disturb you? Do you think there needs to be some change in these practices?
I just think it--is it not ironic that it took a U.S. Senate investigation by Carl Levin to provide the facts that led to this particular ca...