Mike Johanns

Mr. Dimon, it further occurs to me that at an enterprise as big and as powerful as yours, you have got a lot of fire power, and you are just huge.

One of the things that I have maintained in many hearings as we have examined Dodd-Frank before and after its passage is that there is just a point at which it is economically better business to do business elsewhere than the United States.

This legislation seeks to improve the ability of servicemembers to receive State licenses and certificates for jobs they already know how to do.

We need to do all we can.

There is no reason why, working closely with Chinese to implement some much-needed reforms, last year's level of exports could not be doubled, maybe even tripled.

Thank you, Mr. Chairman, I appreciate you holding this hearing today.

I think there is a next step out here, and here is why.

There are so many of those kinds of things that you run into.

As a Senator from Nebraska, I am eager to figure out ways to expand the opportunities for trade in agricultural products.

What has happened since then is that the Chinese are especially entrepreneurial and that economy has taken off.

China must stop discriminating against American-grown beef.

I appreciate the fact that you have decided to hold this hearing, and we have also appreciated the opportunity to cooperate with you on that.

It would be terribly unfortunate if we showed up in 6 months and nothing is happening.

In this town sometimes it is hard to find bipartisanship, as we all know. I will guarantee that frustration here is very bipartisan.

I am going to walk away from this hearing very, very worried that the system is imploding.

One of the concerns about Dodd-Frank, and maybe even more specifically this area of Dodd-Frank, as you know, and it has been one of my concerns, is the more you crank it down, the more the regulations become more and more onerous, the…

I know of no other issue that is more central and bedrock to our relationship than this issue which is the subject matter of this hearing, the trust relationship.

I thank the Senator. We look at those charts and reach the conclusion, inescapably, if we do not start doing oversight and start figuring this out, we are not going to solve this problem. My colleague's reputation as a watchdog of the…

Senator Kyl makes an excellent point. If I could call on my colleague, Senator Coburn, who, as much as any Member of the Senate, has been the watchdog when it comes to spending and programs that duplicate each other, he has been the person…

Very clearly this body is saying, the Senate and the House of Representatives, when they vote on the President's budget, they are saying very clearly: The President's budget spends too much, it taxes too much, and it borrows too much. It…

I think they should be regulated to the point, including what we are talking about in derivatives and proprietary trading, that the risk of those institutions failing will be very remote.

It just occurs to me with the passage of Dodd-Frank, it incorporates the Volcker Rule and a whole host of other things.

I think we are forcing more consolidation, not less.

It is going to be very difficult for the people in the field to say, you have violated the rule or you have not violated the rule.

Did you come across any indication that the firm was actually using that approach in a way that you personally would regard or you would offer an opinion that that was deceptive, it was done in a way to deceive people who were supposed to…