Opening Statement of: Hon. Mark Warner, a U.S. Senator from the State of Virginia.
We need to make sure we get rid of this Swiss cheese approach to regulation.
This problem we are in the middle of the crisis now of too big to fail.
I just do not want to be here 5 years later looking at what the next round of new products would be and say, 'Why didn't...
I commend you for asking that 'What is the one take-away?' question from each of these gentlemen.
I think we will get to some stance where we will have some level of regulatory oversight.
Why has there not been a more focused effort on making sure that some of these counterparties--you are not even going to...
So the vast majority of these counterparties are U.S., not foreign?
We, the American taxpayer, have taken a high-flying company that was doing what most of us would believe in a normal mar...
There is a huge moral hazard here.
And my last--my time is up, but if in just maybe a straight yes or no on whether I am hearing you correctly.