On the recordJanuary 14, 2014
We have to do a better job ring-fencing, fire-walling, whatever metaphor you want to use, between an inspired depository institution and a noninsured investment bank.
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congress.govWe have to do a better job ring-fencing, fire-walling, whatever metaphor you want to use, between an inspired depository institution and a noninsured investment bank.
Hensarling discusses the need for better separation between banks and investment firms.
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I would just point out again, all this bill does is extend for 6 months the current policies of the NFIP. Not one single policy of the NFIP is changed in this bill. Mr. Speaker, I yield such time as he may consume to the gentleman from…
May I ask how much time I have left? The SPEAKER pro tempore (Mr. Bacon). The gentleman from Texas has 7 minutes remaining.
How are we that much better off? And if we could put up a slide, you are asking community banks to make a forecast.