CSPAN3 May 22, 2012
this is how it's supposed to happen. why does the government need to play a role? >> well, to some extent that's true but i take credit for it. if this had happened five years ago, if jpmorgan, what appears to be more than $2 billion, i think you would have seen much more panic in the economy. i think you would have seen much more concern. what we did in the legislature we passed and through other things was to require the financial institutions to be much better capitalized. so one of the things that's the result of the government telling them you had better have more capital than o...
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