Evan Bayh

The institution, he said, simply is not working.

I would also like to welcome and thank Senator Jack Reed. He has been instrumental on the technical and analytic aspects of systemic risk regulation.

What we all witnessed over the last several years is not only great market turmoil but great market uncertainty.

I want to thank my Ranking Member, Senator Corker, and Senator Reed, my friend and colleague.

Creating a new regulatory structure to monitor systemic risk is no easy task.

I am pleased to call to order this Subcommittee for a hearing entitled 'Equipping Financial Regulators with the Tools Necessary to Monitor Systemic Risk.'

I think the regulators were flying blind, essentially, doing the best they could.

My colleagues here in the Banking Committee, including Chairman Dodd, Senators Corker, Reed and Warner have been working diligently.

Why should the Democratic Party be trusted? And are we willing to make some of the tough decisions to actually head this party in a better direction?

Why should the Democratic Party be trusted and how do we make the tougher decisions to actually head this country in a better direction?

What are the risks in terms of long-term sustainment, reduction of the expected service life, and the burden of increased flying hours related to combat operations in Afghanistan?

Secretary Gates and Admiral Mullen, would additional reset funding restore readiness levels sooner and what are the anticipated reset costs for the out-years?