On the recordFebruary 24, 2009
I think there was one part of it that was very, very wrong, and I regret deeply my own going along with it.
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congress.govI think there was one part of it that was very, very wrong, and I regret deeply my own going along with it.
Conrad expresses regret over supporting a part of the Modernization Act related to derivatives.
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We had literally hundreds of people and groups come before this commission. We listened intently for all sides on how we could fix these challenges.
I think there is just a tremendous opportunity here, and I really applaud the two of you for doing this in a bipartisan way.
What we have done is we recommend harmonizing withdrawal rules for 401(k)'s and IRAs.