As an industry, we failed the American people. Not every company of course, and certainly not a majority of our employees. As an industry, however, we made some really poor decisions.
It's not something I'm proud of. And it's obviously not something I'm happy about. But as head of a trade association representing 100 of the largest financial institutions in America, it's a fact that I and everyone else in the financial services industry must accept.
Our number-one priority - and ...