On the recordJuly 13, 2009
opening statement
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congress.govopening statement
Neugebauer opened the session with a statement regarding the committee's agenda.
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I am not a big fan of the SIFI designation because I believe it is an implicit designation of an institution being too-big-to-fail.
one of the reasons that government is not good at pricing risk is because sometimes instead of pricing it actuarially or based on a risk model, it is priced politically.
According to the report, by 2023 we can expect to see nearly 600,000 jobs lost nationwide with Texas losing 25,000 jobs.
the CFTC's proposal unduly focuses on 'limiting the activity of commercials in hedging in the markets,' which in turn increases the risk of pricing commodities.