04/11/2011
https://www.congress.gov...
"I would hope it would be public."
"it raises an issue, which is that in 2006, you had at least had serious concerns because of the stress testing that these firms could not handle or have systems in place to deal with the risk."
"the fact that they did not have systems in place to adequately assess the risk, which I think is a fair conclusion of the report of the GAO."
"Let me talk to Mr. Cole. As the umbrella regulator of several large financial institutions, do you feel that you are responsible, the Federal Reserve is responsible for the overall capacity of that in..."