From my perspective, and I do not propose that I am anywhere close to the expert that you or the others on the panel are to these regulations, but it seems to me from what I am hearing that--it appears that although there is the confusion…
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And you would agree, also, Mr. Duffy, though, that it will undoubtedly drive up the cost of these transactions?
So if I were to look at two of the important issues related to end users, one, their ability to have a customized product, and two, the impact of margin requirements, would you say that you feel that there is adequate protection for those…
I remain concerned that the mandatory clearing requirement could force clearinghouses to take on risk that is not adequately understood or managed.
It appears to me that potentially a precedent is being set here that, in terms of our overall foreign policy history, is not a good one.
I think it is important to pin down when the United States is going to use military force, to have the proper checks and balances with the Congress.
I want to underscore the comments of Senator Barrasso regarding the proposal of wilderness.
I think this particular bill really does meet a need that we have in Idaho for being able to further expand the use of the ski areas to all year round activities.
We are thankful to both Senator Crapo for his amendment to Dodd-Frank that created specific a CMBS retention framework
We are thankful to Senator Crapo, who added a provision to Dodd-Frank requiring the regulators to specifically address some of the unique issues and opportunities posed by the CMBS asset class in crafting the risk retention rules for CMBS.
I think could be pretty devastating to the consumer credit markets.
I was successful in getting an amendment adopted that would focus on commercial real estate to give the rule makers more flexibility.
The B-piece of the first loss position buyer is often also the special servicer charged with working out troubled loans, and that raises conflict-of-interest concerns for some of our constituents.
To create a lot of capital burdens, to make them hold capital just to sit around pulls that credit out of the system
If we do not take another look at this and get the kind of flexibility that you are talking about, do you believe that we will see an unnecessary restriction of consumer activity and lending in the market?
It is important to note that the Federal Reserve's October 2010 study cautioned that risk retention is not a panacea and that if rules are not implemented carefully by asset class, credit availability could be disrupted at a time when it…