Patrick Toomey actually said...

"I will be very interested in seeing what the net effect of these changes are because we know that the interest rate component will reflect a significant adverse valuation here."

"It just seems an extraordinary coincidence that something so counterintuitive to suggest that some of the most troubled economies of Europe could have a zero risk weighting."

"Well, one of the things that really concerns me is that it is very likely to be very significant compliance costs for institutions that nobody has ever suggested are systemically significant and why w..."

"Why should we be confident that there is not politically motivated financial repression creeping into this regulatory regime?"