I want to clarify this language would allow banks to maintain an appropriate dealer inventory and residual risk positions, which are essential parts of the market making function. Without that flexibility, market makers would not be able to provide liquidity to markets.
The speaker is discussing the implications of the Volcker Rule on banking entities and market making activities.
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We should not discriminate against them. We should honor that service, honor that patriotism, the way we do the service and patriotism of any American who is willing to put on the uniform of this country.
Our national security has not been harmed by the integration of the Armed Forces.
I believe is discriminatory. Times have changed since then and it seems to me we should respond to those changes, changes in the attitude of our people, the acceptance of gay and lesbian people in the workplace.