Paul E. Kanjorski: “I salute them on the occasion of this milestone anniversary, and I am pleased to call their faith and service to the…”

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 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.

If Congress missteps, we run the risk of driving this market overseas and limiting the ability of companies to manage risks associated with their business practices.

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…