"Thank you very much, Mr. Chairman."
"I appreciate very much my friend from Missouri's passionate defense of union wage scales and the kind of middle class life that unionized employment can bring to the middle class."
"My perception today is this mortgage crisis is of the same scale in terms of threatening our economy and perhaps world recovery."
"We have got to move aggressively on both fronts."
"I want to first of all thank you for holding this hearing, and I want to thank our witnesses for their testimony today."
"All those wonderful programs that you are talking about mean absolutely nothing to the American people."
"You can't get credit if you don't have a job."
"Chairman Reed, Ranking Member Bunning, and Members of the Subcommittee."
"There seems to be a recognition by all that further transparency is important, to get the data, to get the information."
"And we are very fortunate because our second panel has provided excellent testimony from the vantage point and experience of market participants."
"Well, we all wish you good luck because your luck will influence greatly the economy."
"We commend Chairman Reed for his sensitivity to this issue as well."
"I think just a comment. I think this approach of getting the information might also ultimately be beneficial to some hedge fund participants."
"There are basically three approaches: one is to regulate the fund; two is to regulate the advisers; or three is to give the SEC the authority by regulation to set up rules for exempt entities under bo..."
"As we continue the important work of modernizing our outdated financial regulatory system, I have called this hearing to explore a key aspect of these reforms."
"The Private Fund Transparency Act of 2009, which Chairman Reed recently introduced, would eliminate the small-adviser exemption from the Advisers Act."
"Thank you very much. And Mr. Dear, thank you for your testimony and also for your leadership."
"Let me ask a final question. Given these new responsibilities, it would, I presume, require additional resources not only in terms of personnel but technology."
