By regulating the dealers, we get nearly 100 percent of the marketplace.
I am fortunate to have a partner in this effort in SEC Chair Mary Schapiro.
I believe, sir, that that should be reported to all the regulators and certainly aggregated in the aggregate positions by underlying commodi...
So we believe we have to bring regulation to the entire marketplace, including these tailored products.
I think one of the great lessons of this crisis is I believe that our overall capital regimes--and this is not within the CFTC, but our over...
leverage in the American economy is one of the big causes of the crisis.
I am concerned that as the good news of an economy that rebounds... we might see a resurgence of these commodity prices.
I believe that we will need to work together on the appropriate authorities to put in place aggregate position limits over the marketplace.
I think, Senator, you raise a very good question.
I believe that we must urgently enact broad reforms to regulate the over-the-counter derivatives marketplace.
I pledge to work with this Committee and Congress to try to restore confidence in the financial regulatory system.