Senator, you're absolutely right that one of those things that helped produce this crisis was that, in our country, we allowed people to choose their regulator, to put risk in areas where they thought it was going to be least well-regulated.
Agreeing with Senator Collins on the dangers of regulatory arbitrage.
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You cannot effectively oversee a financial system without much better information than we had access to before the crisis.
I think it's inevitable that the Congress and the administration come together and reform, comprehensively, the U.S. tax code.
I think you see reflected there, like you see reflected across the country, a deep sense of concern about the fact that we have 9 million Americans out of work.
We're going to establish a level playing field across banks and nonbanks so that the business can't just shift to where there's no regulation.
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