Mark Warner

I think there is an increasing consensus among CEOs... that this is long-term destructive to real value creation in business.

I would just urge you that this is going to be an area that is going to exponentially grow in importance.

I would hope you would move forward with that.

I want to move to another area of concern that I have.

I do think if we want to move beyond whatever this new normal is, the idea of how we simplify our system but incent long-term value creation has to be part of this ongoing discussion.

I think regardless of where we sit--which side of the aisle--I think most of us would, at least, privately acknowledge you could not create a more complicated, messy tax code than we have in America.

It seems like the legislation you are proposing is a bit of an overreach.

I want to thank you for holding this hearing on the need to improve access to capital for businesses and communities.

There are some of us on the Committee, Senator Corker and I, who believe strongly in risk retention.

I think we have seen a lot of the banks move out of this space.

I remain open to hearing the arguments, but obviously I have a series of grave concerns on this topic.

I am sympathetic to potentially leverage. I am not sympathetic to both.

It strikes us as an inappropriate time to actually weaken oversight of these entities.

I think it is important that we get the rigor, but I also think it is important that we do not spend another decade trying to perfect the models.

I want to thank you and Senator Bennet for your interest in this subject.

The notion that foreign-based debt is going to have a higher capital standard than American-based equivalent debt is not the right way to proceed.

I really worry about this. It seems like a very conservative move.

I have also been interested, as we think about some of this transformation taking place in Treasuries, as we see more move toward algorithmic trading.

I think we have before us two extraordinarily distinguished public servants.

The idea of speed for the sake of speed at least has to be evaluated.

So, I guess, in your opinion, if we were trying to improve post-trade transparency in the Treasury market, can we do that without impairing liquidity?

I think if we are going to make comparisons, comparing back to that 2005-2008 time period is not the appropriate comparison marker.

Any prediction, left or right, shows the deficit going up dramatically, and the deficit really, my belief is, is not necessarily the sole driver right now.

I give the Fed a lot of credit, and others, for stepping up when we as policymakers have not stepped up.

What I would say is we believe it would not be appropriate for new FinTech startups to be getting an advantage in the marketplace.