05/18/2011
https://www.congress.gov...
"I think this is the wrong way to go."
"I know you fully appreciate the importance of this index, how widely used it is for all kinds of transactions and how the American financial system--I do not want to say it is dependent on it, but it ..."
"I am very disturbed about the destruction of what little confidence might remain in our financial system."
"Did it not occur to somebody to bring the financial institutions together and say, hey, you probably ought to consider a different way of establishing your floating rate resets because there is this i..."