Paul E. Kanjorski: “We are creating more systemic risk. It was what ruined the Japanese financial system back in the 1990's.”

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…

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?

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.

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.