Our focus should be on ensuring liquidity during times of stress, and it sounds like Dodd-Frank has helped us do exactly that.

Without a doubt.

Thank you very much. I appreciate it, Mr. Chairman.

Would you have concerns about liquidity in a time of crisis if municipal debt securities were counted as 2A Level assets instead of 2B Level assets?

It is critically important that our biggest banks have sufficient assets in a time of crisis and that those assets be liquid.

And what the Fed and the FDIC are saying very publicly today is that we have at least five too-big-to-fail banks in this country, that if any one of them starts to go down, they risk taking the entire economy with them.

Do you think that Dodd-Frank and the ancillary rules have made financial markets more resilient and better equipped to handle the kind of stress we saw in 2008?

the fact that you say over the last 9 months we have heard nothing about the health of our largest financial institutions.

Mr. President, I wish to say a special thank-you to Senator Mikulski for her terrific leadership on all of this. Today is Equal Pay Day. By the sound of it, one would think it is some sort of historic holiday commemorating the anniversary…

We have heard a lot today about the changing nature of manufacturing, innovative technologies that have enabled manufacturing operations to become smarter, more efficient, more complex.

The only way that American manufacturing will truly rebound in this country is if we start taking seriously our investments in people, and that means helping people get an education without getting crushed by student loan debt.