08/05/2015
https://www.congress.gov...
"I believe that making it independent and creating a new board, if you have three other regulators still in existence and everybody has got boards, I think it will confuse things."
"You do want to make sure it is as insulated as possible from any type of influences."
"I think you have just given evidence as to where the real political clout is."
"We actually urge people in this country to use leverage, but we penalize equity."