07/26/2011
https://www.congress.gov...
"But what I understood you to say is that you agree with the premise that the actual activities of the bank ought to be given more weight than an arbitrary dollar value of assets?"
"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."