My problem is, I don't know if we can afford to find the brains that we need to hire to get a hold of this problem.

It seems obvious to me that firms and traders will act more responsibly when they know they will face the consequences of their actions, which is why bailouts breed more bailouts.

I believe the SEC, with access to more information from market participants, is fully capable of providing appropriate oversight.

We had better correct that.

I am worried about people slipping through, like we had for the last 10 years.

As I said in my statement, I think similar activities should be regulated the same way by the same regulator.

I can't see how Delta Airlines would be put at risk if they are smart enough to hedge against the market's advance in future oils or future jet fuel or whatever it might be.

It should be clear to everyone that the current regulations are not enough.

Increased transparency and standardization of derivative contracts will help and must be accomplished.

Well, I am trying to prevent any from slipping through the cracks.

Your plan puts a lot of faith in the Federal Reserve's ability to spot risk and exercise its power to prevent the next crisis.