I find it strange that my conservative colleague from Pennsylvania neglects to tell his colleagues that, in fact, that portion, the fourth leg of the original bill, would have expended $12 billion to create millions of jobs for average Americans, good-paying jobs, and would have brought in $24 billion, $12 of which would have gone to the reduction of the deficit.
Responding to arguments about a bill's centralization and its financial implications.
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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?
We can fundamentally change some of this system to make it fairer, better, and more equitable.
If this body is to create new regulations in the OTC markets to decrease the possibility of systemic risk and increase transparency, Congress must ensure robust competition and protect the ability of American businesses to use these…
We are setting ourselves up to fail. We are not going to regulate this, I get the sense of it right now.
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