Barney Frank actually said...

And let's be very clear, this is a recognition of the important interaction between the private market and a public element of regulation.

We should not be--we have a Federal statutory authority here that we have given to the SEC, and when we talk about how to share that, we sho...

Yes it is true if the SEC was given only what the President asked for, they wouldn't be able to do as much as they should.

I think it is important that it be done in the light of day.