Pat Roberts actually said...

The 15 largest dealers will spend about $1.8 billion, an estimate, to implement the derivatives portion of the Dodd-Frank bill over 3 years....

Won't this timing gap alone create arbitrage opportunities? Moreover, if the EU adopts a less restrictive regime, won't that be an obvious i...

I just think that numbers of economists sort of boggle my mind.

I agree with Commissioner Sommers that the CFTC should quantify the costs of its proposal.