The question is: Should we err on the side of privacy, or should we err on the side of commerce?

I am just saying in terms of effectuating the protection of privacy, how are we going to do that?

I know it is our role to be concerned about the ultimate privacy protection that individuals deserve.

So what is the difference of having an opt-in or an opt-out? It defeats your whole argument.

I am going to give you consent, Netflix, to share my movies.

The point is you got to still make the choice with your privacy, and I think there is a legitimate concern...

I really do not see a big difference from granting permission one click at a time to a blanket consent.

But the point is I have to, under the ethics law, fill out forms at the end of every year, and I have to get that.

I think there is lost revenue because if, in fact, a mutual fund is going to invest in a company that does commodity trading and does not do it in a tax-sheltered location, they are going to pay taxes on that, trading profits before they…

Is the purpose for setting up an offshore commodities trading firm to avoid taxes?

The reason they are set up in offshore is to eliminate that corporate tax on those trades, correct?