"Given that these funds touch so much of our economy, efficiency and competition among these intermediaries is important. That’s why I supported our proposal to ...
"I have concerns whether today’s rule proposal correctly strikes this balance. Thus, comments from market participants will be especially important in consideration of any final rule"
"As we were all witness to in 2008, these intermediaries might be incentivized to, essentially, bet against the performance of an asset backed security that ...
"I apologize for the proposal’s unnecessarily short comment period, which continues a troubling pattern in the face of public and Congressional concern"
"As directed by Congress, today’s re-proposed rule would prohibit so-called securitization participants—those who sell or facilitate the sale of an asset-backed security—from engaging in a ...
"Investors that participated in the securitization bubble had been misled to believe that their assets were being selected by an independent third-party. But in reality, ...