"I think that we are having a little bit of difficulty getting it right in terms of our regulatory approach right now."
"We commend Senator Crapo, our Senator, for his tremendous efforts as part of the 'Gang of Six' to work across party lines to avert a government default."
"For a private residential credit market to develop, it has got to be able to attract capital."
"We should not then be surprised that the two agencies have proposed inconsistent approaches to the same rule sets."
"While Title VII of the Dodd-Frank Act states that the SEC and the Commodity Futures Trading Commission shall consult and coordinate to the extent possible for the purpose of assuring regulatory consis..."
"While the Dodd-Frank Act missed a great opportunity, in my opinion, to merge the SEC and Commodity Futures Trading Commission and stop the bifurcation of futures and securities markets--we lost that o..."
"We should not then be surprised when the two agencies propose inconsistent approaches to the same rule sets."
"While I applaud the SEC for taking a more flexible approach relative to CFTC, both agencies need to make their rules more accommodative of the different types of SEFs to provide maximum choice in trad..."
"it seems to me like we are raising the cost of capital and reducing the availability of capital for very little benefit."
"And if that is the case, I believe, and I do not want to speak for him, but I believe Mr. Edmonds in the first panel indicated that that increased margin requirement would be a cost on end user transa..."
"I would say for the market as a whole."