Another example of the Telephone game by Mr.Ogles was seen in the same exchange with secretary Fudge. 5 hour, 11 minute mark.
Rep. Ogles:
Sec. Fudge:
Rep. Ogles:
Sec. Fudge:
- Privatization? - Capital to lend? - Capital Reserve meets the capital requirements? - Off-balance sheet SPS? - CRT to protect the taxpayer? - Cash Equity? - Leverage capital is a Minimum Capital Level. Because the Risk-Based capital requirement is a minimum capital required for that threshold, then the Leverage capital is concealed, and now there is only one capital requirement. - The CET1 is passed off as TIER 1 Capital. - NWS instead of NWS dividend. The list goes on and on.
Let alone with the S.E.C.-sponsored Bitcoin scam: it's speculative. Then, type of Asset Class "speculative". Etc.