There is a belief that the Federal Government really has stacked the deck in a way that makes it very difficult for them to compete.

I do wish we had taken more time to do the work we needed to do to understand the issues instead of just, as Congress typically does, acting like we did something great.

a concern regarding extraterritorial application of rules relating to the U.S. Dodd-Frank Act

We need 17 to get into this.

Should end users who are hedging financial risk be given an exemption?

Just because he was in London, it was the American taxpayers that ended up on the hook for $180 billion.

I think that Title VII, the derivatives title, was necessary. I think that the American public remains exposed today and unprotected because the market.

I think it is just having a depressing impact on the whole economy, and I am not just talking about the Kansas wheat farmer.

With all respect, I think that the Dodd- Frank derivatives title was very necessary.

I think what we are looking at and what Congress asked us to look at is if it has a direct or significant effect on U.S. commerce or the U.S. economy.

I appreciate your response, but very honestly, I do not think that is good enough to provide security in the U.S. marketplace.

I agree that that is what they said, and I also agree that we have made efforts with memorandums of understanding.

Dodd-Frank was basically put in place and rushed the way that it was to create clarity in the markets, and anything but that has happened.

I do not like that at all. I do not think that is the way to be treated.

I think a lot of us are seeing a lot of unintended consequences and I think a lot of folks wanted to see appropriate financial regulation.

Yes. We kind of forced them out of residential into commercial due to our policies here, and that is one of the problems that we, Congress, helped create.