The institution, he said simply is not working.

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

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

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

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

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

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

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

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?

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?

In Afghanistan, my own view is that skeptics who look at that conflict and say, we're going to do our part, we're making a major commitment to stabilizing that country, to keeping the Taliban and the al Qaeda from having a platform to…