Jack Reed actually said...

It seems that their model, their VaR model, was loosened up considerably, giving them the opportunity to engage in more risky activities.

Questioning the Chief Investment Office's risk management practices.

06/12/2012

More Jack Reed Quotes

I think, you know, the challenge we gave to regulators was come up with an appropriate balanced mechanism that exempts certain loans from th...

Of course, the other concern is if you do not have any of these rules of the road, you get exactly what we had, which was gaming, no money d...

In general, more, and in general, if the entities are too big to fail, they should be smaller.

I want to commend you for holding this very timely hearing.