I think it is important that customers have confidence, and the farmers and ranchers and the energy companies, they just have to have confidence that their funds are not only segregated, but they are theirs.
Emphasizing the need for customer confidence in fund segregation.
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If I can say, breaking the law and not liking the law are different than lack of clarity.
The New York Stock Exchange can't actually also run a hedge fund on and trade against their customers.
I think that the Congress' wisdom was to have an agency to oversee disclosure-based markets where issuers are asking the public to buy and sell their securities.
The CFTC, I love, it is a great agency, but it was set up to do the derivatives.
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