CSPAN2 Key Capitol Hill Hearings May 15, 2014
Leave. [laughter] [inaudible] exactly. We had an oped from december 2012 that said, look, the firms should build dabbal, and theyre not able capital, and theyre not able to do it now. All the other questions about the third amendment aside, the firms should be building capital. Jim and i said the profit sweep doesnt make sense. Look at how does the system evolve, right . So more, so hopefully more capital both internally and through the credit link notes, you know, going from 30 to 90 is triple, but 90 is very close to zero on a 5 trillion Balance Sheet. So that seemed like a modest step when ...
Source: archive.org
