I should point out, however, that the Iranian-led alliance of Assad, Iran, the Houthi, Hezbollah, has killed far more Americans and is far more dangerous in the future than even those who have made these gruesome videos or who attacked us on 9/11.
Sherman emphasizes the greater threat posed by the Iranian-led alliance compared to extremist groups.
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It concerns me to hear your opening testimony when you describe how these regulations are a response to the 2008 crisis. It is a little late to be writing regulations in response to the 2008 crisis.
Every time a bank is incentivized to buy that long-term debt on a securities market, that is money they can't lend to a local pizzeria.
The most important issue affecting the SEC is the possible shutdown of the government in 15 days.
You worked hard on these regulations, but as I will point out to you, they discriminate against the environment, they discriminate against first-time homebuyers, and they discriminate against small businesses.
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