06/04/2014
https://www.congress.gov...
"But on those, then, understanding that you look at corporate financial statements and those kind of things, but on these other types of asset-backed securities, it is hard to understand, in fairness, ..."
"I really appreciate what Paul Volcker has said about that recently."
"I am not in favor of propping them up."
"I think the suggestions that each of you have made have been very helpful, but even after you make those changes, it is that lack of--it is that procyclical thinking that drove us to where we were."