And that is something that we have had in the United States, but this is a new aspect for Basel III for the whole community.
I would like to be able to, with the concurrence of my colleague, Senator Crapo, do additional hearings.
I think, again, just to say, this is an issue that will not go away.
Try to prioritize changes that are the least disruptive and the most effective, and that is always good advice.
I think what you have really exposed is the complexity of these issues, and there are not just one or two.
Are our markets still fair? Is everyone playing by the same set of rules?
Most of us consider American capital markets to be the best in the world.
But our marketplace has been evolving very quickly and it is not clear that our rules have kept up.
One of the great powers that you wield is the power of informing consumers about choices they can make.
Well, thank you very much, Mr. Chairman, and thank you, Mr. Cordray, for your excellent work.
The more you earn the more you pay, so, in effect, the marginal tax rate on our poorest households is higher than for ou...