02/03/2009
https://www.congress.gov...
"Well, we hope they do soon."
"What about investment in technology, which is often more than a 1-year deal?"
"I liken it to football, if you are a football fan. Imagine if all of a sudden there was 8 times the number of teams but no more referees, and then instead of having seven refs on the field you had one..."
"Even if you think capital requirements are the major protection here to provide the cushion, maybe because you cannot regulate every single little trade, that transparency--that does not gainsay the n..."