Today's hearing is very, very important, mainly to finding that right balance between high enough capital and margin requirements to keep the system safe, and low enough capital and margin requirements to ensure that the system is profitable for everyone in the industry.
David Scott emphasizes the need for balanced capital and margin requirements in the financial system.
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My primary concern is, and I agree with Congressman Sherman, that we need to take all costs and all benefits into account here.
The SEC received a record 15,000 public comments on the rule--15,000--surpassing the most comments garnered by any single proposal in the history of the Securities and Exchange Commission.
Well, thank you, Mr. Chairman, for holding this hearing today. And I certainly welcome our distinguished Secretary Vilsack.
I urge the Committee to consider policies that allow independent students and students at Higher Education Institutions with an expected family contribution (EFC) of $0 to be eligible to participate in SNAP.
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