03/11/2013
https://www.congress.gov...
"This makes no sense and we are not going to be a part of this."
"It just makes no sense to me. And it is my understanding it was the Europeans that pressed us hard to move into this regime, and I am just wondering why we did not push back."
"I am fascinated that sovereigns have a zero weighting, period, unless they are in default and it goes from zero to 150."
"I guess as people are looking at capital and they are trying to create a way of having return, and they know they can buy Spanish debt or some other debt of a sovereign and get a much greater yield, a..."