We can lower the burdens and obstacles in both of these categories.

It is not very useful to investors to have the reams of data about Sarbanes-Oxley for a firm that has no revenue yet.

You know, Pennsylvania is a home to a very large number of very, very successful bio companies.

I really want to give you all the credit I can for raising this very, very important issue.

There is a big, big difference between a payment default on our debt and the other kinds of payment disruptions.

I think this Administration would be wise to send an unambiguous message to the market that under no circumstances would they tolerate a default on our debt which is entirely under their control to prevent.

I find the activism at the Fed right now a major turn-off and I am very concerned.

My concern is that this distorts markets, intentionally, actually.

Thank you, Mr. Chairman. I would like to commend you. I think this is a very sensible and very thoughtful proposal that lays out a phased implementation that makes a lot of sense and, frankly, is very helpful.

Thank you very much, Mr. Chairman.

I wonder if you have a different perspective on this.

I'm not sure there is yet a consensus on how to best protect consumers or whether a legislative solution is, indeed, the best method for doing so.