Management has to be all fired regardless of which managers are actually at fault.
Credibility has to be established, and as we do that, of course, we will make mistakes.
Congress did this in an immense rush, and I do not think it was a very thoughtful solution.
It strikes me that parts of Title II are problematic in the way they are written, problematic in doing a slow process.
I do oppose the overall framework of Dodd-Frank, but it seems to me a couple of the most egregious laws are subjecting financial institution...
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 tha...
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 re...
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 numbe...
One of the major ways is through the SIFI designations, which I would argue then precipitate the micromanagement of these financial institut...
I would just point--their work very significantly informed my judgment as we developed our legislation.