08/04/2021
https://www.congress.gov...
"Credibility has to be established, and as we do that, of course, we will make mistakes."
"I would really seriously question the competence of the FDIC to run JPMorgan Chase or to run Lehman Brothers."
"There are direct costs of compliance, and then there are all the indirect costs of a reduction in innovation and dynamism that comes when regulators have the power to run these financial institutions ..."
"I share that view, but rather than trying to guess what the right number is, because, frankly, I do not think $75 billion is the right number either."