Kent Conrad: “Senator Conrad and your Committee Members, we need your help now.”

Can I just respond quickly, Mr. Chairman, and say when Simpson-Bowles went down, a group of six of us in the Senate, three Democrats, three Republicans, were asked by leadership to see if we couldn't come up with a way forward to adopt the…

If we are going to make this whole system solvent, it is going to take everybody to give a little bit.

The new improvised system was not adequate.

I would say personally I would not go to a company advising me on wealth management that did not have it because I think whoever is advising me ought to have as their highest responsibility to be giving me advice that is in my interest.