It is the latter, that we have not found any, sir.
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Based on that, and statements not under oath, you have reached the conclusion that there was no political motivation.
It seems that there is an argument being made that there was no political motivation in these actions.
There is a very real and, I think, justified perception among the people of the United States that the Internal Revenue Service is in many real ways the prosecutor, the judge, the jury, and the executioner.
The frustration from foreign regulators over the lack of international coordination on financial reform measures has reached an unprecedented level.
The U.S. capital markets must remain the preferred destination for investors throughout the world.
The Fed's proposed rules affecting European banks doing business in the United States will duplicate work already done in Europe and create additional cost.
When this thing is enacted, I absolutely guarantee you there is going to be problems with it;
The language of the bill needs to be specific. It needs to tell these agencies what they can and, more importantly, what they cannot do.
This is the one shot we have got because when this bill was drafted, my experience, I did almost 30 years in our State senate, and as with every law, what you just talked about the law of unintended consequences comes back and bites us…
The 'why' is real important. Why is it not working?
My experience over many, many years is I have very, very little confidence in the Federal Government to do just about anything.
What we draw up here, in our minds everything is neat and clean and orderly. But when the bureaucracy gets a hold of it, they start writing rules and regulations that we do not have any control over and it just becomes a nightmare for…