If I am in Schenectady, New York, and I am dealing with a broker-dealer in Schenectady, any broker--I am not going to give anybody a plug here--how do I compete with the electronic traders that have nanosecond access?

I am talking about current.

I am glad to see the SEC followed through on its commitment to us last fall to start a broad examination of market structure issues.

Where is the market maker in Procter & Gamble? Where was the liquidity in the market maker?

But I am sorry, sir. Sophisticated--even if they are not sophisticated, anybody that puts a market order in knows exactly what is going to happen to a market order.

They may be day traders. They may be someone who is in it just for a very short period.

I come to the floor to speak about financial reform and the bill the Senate is considering right now. I have made no secret of my desire to pass a strong financial reform bill and rein in excesses of our largest financial companies. No…

I rise today to talk not about obstructionism but, rather, about transparency and the rules. And the rule I am going to talk about is a rule that, in fact, we embraced in the last Congress. When I first came to the Senate, we embraced this…

I rise in strong opposition to the nomination of Lael Brainard to be Under Secretary of the Treasury for International Affairs. I do not think it is unreasonable for the American people to expect nominees to important posts in the Treasury…

Thank you, Mr. Chairman.

Do you agree that low down payment and no down payment loans were a significant contributor to the housing bubble?

As long as there are government-sponsored enterprises, we are on the hook.