Every dollar that does not go there detracts from the ability to advance those cures.

How can we tell them that we did not get them the cure, but we are compliant with regulations?

The financial costs obviously are daunting for a company that is putting every investment dollar toward clients.

the best place to start is by doing no harm.

A couple of years ago, Admiral Michael Mullen, at the time the Chairman of the Joint Chiefs of Staff, said that the greatest threat to our national security is our national debt.

What we are doing here today, which is oversight, is incredibly important for the industry, for our customers, and for our constituents.

Will that ultimately be borne by customers? Who is going to bear the brunt and the cost of compliance of the Volcker Rule?

if businesses find it harder to borrow, it will be harder for them to make investments, to expand, and to hire workers.

strengthening our Nation's economy and getting Americans back to work remains our number one priority.

Does CalPERS support the Franken Amendment?

I have a question for Mr. Lemke regarding money market funds, and of course, any member of the panel is welcome to respond, as well.