Mike Johanns said...

I can state unequivocally Congress never intended for nonfinancial end-users to be subject to costly margin requirements...

I hope is the first of many, many hearings.

This is the third time you have been before the Committee--once as a nominee and now twice in your role as Chair.

It is systemic. It is cultural. It is people have just adopted this mode of operation as the way of doing business.