02/15/2011
https://www.congress.gov...
"I think that if it ends up floating into best practices, we need to consider, obviously, plus with a large economy, but lots of regional economies that may or may not track national data."
"But as we know, what oftentimes happens with regulators is something that is legally applied for a big bank up here, by default becomes kind of best practice standards and trickles down then oftentime..."
"Well, Mr. Chairman, one of the things may be that many of these entities I think works, do self-police."
"this would be something I think we ought to look into a bit more to make sure that I could just see some systemically risky action being caught up inside an investigation"