Let me put it negatively. If in the questioning that you did in a proposed, hypothetical future merger...

I think that becomes very important because enhanced competition is not only a function of price, but it is a function of service.

I think it is terribly, terribly important that we do not have railroad companies going to Subcommittee Members telling them what letters they ought to write.

Does that not fit under the definition of enhanced competition?

Again, if I am taking a flight to Fargo, which I have done--I have not been invited back, but I did it once--and let us say I have to make a switch.

In the context of the merger, yes. I would not be wrong, right, in saying that?

We have one industry which has exemption under antitrust. You do not.

Has the concept of block trading been affected by the decimalization, which gets at much of the depth issue.

In the depth indicators, has there been an embracing of this concept? Is it working?

I would encourage, though, that when one looks at whether decimalization is working, and I use it as a generalization, we want to be careful that one doesn't confuse a different market environment for the diminishment of liquidity versus…

I am very much supportive of and know that there are transitional issues here, but one that I think in the long run will serve investors and the providers of investment services great advantage over the long run.

Is there anecdotal evidence of charges of stepping ahead, or front-running, by small increments to break up trading patterns?

I look forward to working with you both at the Department of Transportation, and I take pleasure in supporting both your nominations.

We have a capacity crisis in our nation's aviation infrastructure, and unless we build new runways and build them faster than we are now, aviation gridlock will become a permanent feature of air travel.

I believe I have an open mind regarding trade, but I have a very parochial concern.

We must help the world that wants to be free.

I would hope that now we would broaden that relationship and say we will lift the economic sanctions that we have on India.

If we want them to do the people's work, then we must give them the resources they need to do it.