Jack Reed actually said...

Governor Mabus, you bring an extraordinary range of experience to the task before you. I think the President made a very wise choice.

Reed praises Mabus's experience for his new role.

01/14/2009

More Jack Reed Quotes

I believe that the nature, the human makeup of an institution is extremely important.

First, we can't assume regulatory capacity adequate to the complexity of the financial markets.

I don't think they would be difficult to implement and I don't think it would be a regulatory issue. I think it would be a management issue.

we allowed fundamental regulatory arbitrage to lead to a very difficult situation