I think if the SEC and the CFTC don't harmonize their rules, just to give you a real-world experience, you could have a credit default swap desk in our corporate area, where a single broker who brokers both credit default swaps and indices following, two sets of rules.
Hensarling discusses the complexities of differing regulations between SEC and CFTC.
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I would just point out again, all this bill does is extend for 6 months the current policies of the NFIP. Not one single policy of the NFIP is changed in this bill. Mr. Speaker, I yield such time as he may consume to the gentleman from…
So if that is permitted right now then I am going to raise my hand at the board meeting when the senior vice president for credit administration comes in with this big gobbledygook proposal and says, 'Hey, I like it. That is fascinating…
As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.
How are we that much better off? And if we could put up a slide, you are asking community banks to make a forecast.
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