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I'm not going to engage in a tit for tat on this, but Slips readers should know that the FDIC's general counsel has seen fit to respond to my most recent Dealbook post on Dodd-Frank resoultion authority. The tone suggests that I might have hit a nerve.
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Krimminger is table-pounding. He wants a debate, give it to him. And push him on two points agencies have been allowed to skate on for 30 years: 1) show us the data supporting your "extend and pretend" projections, and 2) which fox are you going to have guard the henhouse to make this Rube Goldberg system work.
Posted by: Knute Rife | May 04, 2011 at 08:09 AM