I just want to thank Mr. Dold for his leadership on the issue.

We are overregulating the financial industry.

I am struck by what seems to me to be a nice irony in the title, 'Who's in Your Wallet?'

Thank you, Mr. Chairman.

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 should not share the States' role and subject the States to this role without their full participation.

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.

I thought it went too far.

I think it is deeply regrettable that fiscal constraints drive some of this, and when people are critical of the agencies they ought to factor in what is inadequate funding on the part of the Congress.

We want you to have more capital. We want -- here is what we said in the bill, to a great extent. We want you to be better prepared in case you make mistakes.