05/22/2018
https://www.congress.gov...
"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."
"Management has to be all fired regardless of which managers are actually at fault."
"One of the major ways is through the SIFI designations, which I would argue then precipitate the micromanagement of these financial institutions by a host of regulators in what will, in my view, ultim..."