Paul E. Kanjorski: “I believe this legislation is vital to maintaining the health and stability of our financial systems.”

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.

I believe, in addition to empowering regulators with new and improved authority to watch over our Nation's financial health, we should also empower the owners of these companies to have more control and to align management interest with…

I have never seen anything in the world more devious or backdoor to come in to Federal regulation than doing it this way, and with the least amount of real direct effect.

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?