Wednesday, June 08, 2011

Quotes of the Dodd-Frank Era

Now we're told there are going to be even higher capital requirements, and we know there are 300 rules coming, has anyone bothered to study the cumulative effect of these things? And do you have a fea—like I do—that when we look back and look at them all, that they will be the reason that it took so long for our banks, our credit, our businesses, and most importantly, our job creation, to start going again? Is this holding us back at this point?--Jamie Dimon, to Ben Bernanke

Nobody has looked at it in all detail ...  Has anybody done a comprehensive analysis of the impact on credit? i can’t pretend that anybody really has. You know, it’s just too complicated. We don’t really have the quantitative tools to do that.--Ben Bernanke

Sounds like a 'I have no clue' to me.--Cav

CNBC video here.

Photo links here and here.

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