Because it seems to me that your proposal differs and hasn't taken Congress' directive as seriously as the CFTC is.

I think the entire regulatory system failed the American public, so I would have to include all of us regulators, in a sense and yes, in the broadest sense.

I think there has to be a freedom to fail. I think there will be banks that fail in the future as there have been for centuries in the past.

But no one will be required to do it.

A requirement for end users like MillerCoors to post margin to its counterparties would have a serious impact on our ability to invest in and grow our business.

But it reminds me that in 2008, the financial system and the financial regulatory system both failed the American public.

I think that at the core, we lost over 7 million jobs in this country because both the financial system and regulatory system failed the test.

I think that they will benefit from the transparency from the marketplace, and we have put out a proposed rule...

I think that through the extensive work that Congress did in its oversight and putting together the Act...

I think you would have to ask the Secretary of the Treasury what he is going to do on that, with all respect.

I think it has extended it across a 24 hour timeframe, and that there are more news events that can move a market overnight.

I believe we have the authority not to impose it, and that is what we plan to do if I move forward.