My concern is that we don't, in the effort to be so protective and to avoid the tier-one, the tremendous institutions, that we strangle out the whole industry, the whole series of products that fall at that lower tier where a failure would be borne out by the company, not by the whole economy.
Lucas expresses concern about overregulation harming smaller institutions.
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The CFTC's enforcement authority has been a closely watched issue during the past several years.
I have no further requests for time, and I am prepared to close once the gentlewoman from California closes.
I have spent much time screaming about the potential impacts of the Basel capital requirements on the American economy.
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