I do not think many people at all have been held accountable for what is going on.
the 'too big to fail' is a form of implicit subsidy from the taxpayer, which lowers the cost of funding for these deriva...
I think that, again, the traditional roles that said a bank in a bank holding company has access to the discount window,...
we allowed fundamental regulatory arbitrage to lead to a very difficult situation
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...
First, we can't assume regulatory capacity adequate to the complexity of the financial markets.
I believe that the nature, the human makeup of an institution is extremely important.
I think that is the goal of many people on this Committee, maybe not everybody, but I think many people.
My honest belief, having experienced it and having lived with it for years, is that the system would be stronger if we c...
the taxpayer had to step in because there wasn't enough capital in the private sector to cover the risks
I think that over the years, I probably have thought more about interconnectedness and the plumbing of the financial sys...