Bob Corker actually said...

"I don't understand how you can cause those to measure up or how we could craft something that actually worked."

"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."

"The procyclical piece to me is a huge problem that you do not necessarily create by your formula."