Acknowledging the Chairman for convening the hearing.
02/02/2009
https://congress.gov...
The Federal Reserve has maintained that the U.S. banking system is sound and resilient with strong levels of capital liq...
These proposals, I believe, could impair market liquidity while increasing risks and costs.
The proposed rule would impose requirements that are inconsistent with the CFTC rules.
This would create significant problems, I think, across the entire financial markets.