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From the article we are discussing: “You passed the biggest financial regulation in a generation. Then you went to work on the board of directors of a bank, an
by fwlr 4y ago
From the article we are discussing:
“You passed the biggest financial regulation in a generation. Then you went to work on the board of directors of a bank, and then after that you supported weakening certain requirements.”
“No, no. Wrong. Wrong on sequence. I supported [weakening certain requirements] before I even heard of the bank. I decided that there was one area where we had been mistaken and began advocating, correcting this. … The events are that I made an independent decision, without regard to being on a bank board, that I had made a mistake. When I went on a bank board, I should stop believing the conclusion I had come to?”
Also from the article and already reproduced in a sibling comment is the first statement Barney made in the interview, to the effect that he is on public record pushing for these weakenings in 2012, long before he joined (or was even aware of the existence of) Signature Bank.