"So if I were to look at two of the important issues related to end users, one, their ability to have a customized product, and two, the impact of margin requirements, would you say that you feel that there is adequate protection for those who need a customized product, that they would not be subject..."
"I remain concerned that the mandatory clearing requirement could force clearinghouses to take on risk that is not adequately understood or managed."
"From my perspective, and I do not propose that I am anywhere close to the expert that you or the others on the panel are to these regulations, but it seems to me from what I am hearing that--it appear..."
"And you would agree, also, Mr. Duffy, though, that it will undoubtedly drive up the cost of these transactions?"
"to create a lot of capital burdens, to make them hold capital just to sit around pulls that credit out of the system"
"The implications of how we resolve this issue are going to have huge consequences for our economy, and we have got to get it right."
"Thank you very much, Senator Reed, and I appreciate you holding this hearing."
"It is important to note that the Federal Reserve's October 2010 study cautioned that risk retention is not a panacea and that if rules are not implemented carefully by asset class, credit availability..."
"If we do not take another look at this and get the kind of flexibility that you are talking about, do you believe that we will see an unnecessary restriction of consumer activity and lending in the ma..."
"If we are going to encourage private money that is still sitting on the sidelines to return to security markets, we need to provide the appropriate balance between the strong standards that will align..."
"I was successful in getting an amendment adopted that would focus on commercial real estate to give the rule makers more flexibility."