Paul E. Kanjorski: “I think credit swap derivatives have been an accurate predictor of credit risk, and more so than credit ratings.”

But I am curious, should we not now take the opportunity to reform some of the structure of government, particularly by merging the CFTC and the SEC?

The pain that the majority of my constituents and probably so many constituents around the country--they are not going to trust any of us.

Their testimony was quite clear that it was their opinion that the failure of any one of them, and particularly Chrysler, would cause systemic risk if they were allowed to fail.

The Republican plan that was put forward last week addresses various policies that put the taxpayer at risk, but has no bail-out in the future.