So in this case, in the case of Madoff, my understanding was when he became an investment advisor, didn't he use the investment advisor reasoning as one way to preclude FINRA from looking----

What about the question of the actual performance of the fund?

I really wonder if we're going to take a fresh look at metrics.

I mean that we've got more agreement.

As we look at public/private which often times involves tolling, making sure that they've got to stay in the game is very important.

One of the things I think we always have to watch out for as we look at public/private partnerships is making sure that the private sector actually has some skin in the game.

I'm looking forward to working with all of you.

I wonder if you--I know this is very early in your thinking process, but have you given any thought to the 11 separate agencies you have within the Department and how the boxes are aligned?

Eric Holder is a good man.

How do we get everybody underneath that regulatory umbrella?

I share Senator Shelby and Senator Reed's concerns that you have voiced, as well, that some of these new tools that have developed, the credit default swaps, hedge funds, failure to have any regulatory oversight on those new tools.

heavy is the head that wears this chairmanship. I just want you to know, aside from everything else, how much I appreciate what you do and Senator Shelby, trying to light a candle in this darkness.

It is important, so important that we don't have a whole generation of young people scarred by this deep recession.

I think you have now touched on my second point, regulation and transparency enough or actually looking, as you said, at, in effect, the social utility of some of these products in terms of prohibition or not?

How do we protect the investor?

It is all about confidence. And he knew in his heart that his children shouldn't have that attitude, and he always said to both of us, 'Go out, save your pennies, buy a home. It is America. You will be fine.'

We are in the midst of the greatest economic challenge we have seen in a generation and we need to look for leaders who understand this, who understand history, and who understand the way markets work.

It's an honor and a privilege to support Donald Remy's nomination before the Senate Armed Services Committee.

I am really happy to see your presentation because one of the things that has driven me crazy... is the lack of transparency.

I share, like Senator Cardin, the belief that nuclear power has to be part of the mix.

I have legislation pending about raising end-of-life issues, recognizing that 70 percent of Americans have no advance directives.

I would argue that there needs to be some societal understanding that there is an individual responsibility to start planning for some level of long-term care when you turn 21 or turn 25.

I know we pressed the new economic team of the President to do that, but this is the first time I have actually seen this kind of data out there.

I think what we are talking about is ways to get a co-investment with the Government and the private sector.

Thank you, Mr. Chairman, and I apologize on the front end that these questions may have been addressed...