Frank Lucas: “Those of us who've worked with any of these kind of matters knows that a lot of this comes down to what kind of discount…”

Thank you, Mr. Chairman, and thank you, Ranking Member, for holding this hearing, and the witnesses for agreeing to testify.

You have reiterated how Members of the Board would like to see a revised Basel proposal put out for public comment.

The time to make updates to the farm safety net is now.

I have spent much time screaming about the potential impacts of the Basel capital requirements on the American economy.