Thank you, Mr. Chairman, and I appreciate the opportunity to attend this, despite not actually being formally on this Subcommittee.

It seems to me that the SIFI designation process in principle has the opportunity to take risk out of our system by negotiating the business model for a firm that is under consideration for SIFI designation.

One of my most profound disappointments with the current House leadership is its failure to bring up the DREAM Act in any form.

One of my proudest votes in the historic 111th Congress was my vote in favor of the DREAM Act.

Despite the fact they have been designated as a second class of citizens, I have no doubt that many of these young men and women would be the first in line for an opportunity to serve our country in the armed forces.

I often see DREAMers pleading simply for the opportunity to become full-fledged citizens.

Thank you, Senator Durbin, for organizing this hearing, and for everything that you have done to support DREAMers.

I would like to return to something that was mentioned, which is the implicit credit allocation effects of stress tests, which are real, and I think probably unavoidable.

Thank you all for appearing on this very complicated subject.

In a recent speech, Ben Bernanke talked about using mortgage loan-to-value limits as a macroeconomic tool.

In the next 8 years, we saw the surplus we were running reversed and the structural deficit exceeding $1 trillion a year in the next 8 years.