I just wanted to note how pleased I am to be here alongside my colleague, Senator Casey.
Senator Toomey and Senator Crapo correctly discussed the clearing fees, the margin or, indeed, the capital fees...
Thank you very much, Chairman Reed, for this opportunity to welcome Dr. Chester Spatt.
As to whether or not an end user should have a margin requirement, I think that is a credit decision that should be made by the counterparty...
Senator Toomey rightfully emphasized that the current model of futures markets clearinghouses worked well during the crisis.
In fact, Senator Johanns and I have introduced legislation that would deal with this which would really specify and make it clear that this ...
I do think it is--and I know this does not directly affect you gentlemen. My understanding, though, is that the promulgation of the regulati...
I think it is necessary that we take that approach so that the tremendous benefits to the economy from these tools do not get eroded.
Thank you very much, Mr. Chairman, and thank you for deciding to do this hearing.
I think it is very important that we do this in a very cautious fashion.
I am also very concerned about protecting their identity and safety, especially when they use mobile devices and other online applications.