Mark Warner

So you do not think it is a rational system where we compensate a medical professional treating someone with advanced illness for repeated tests, but refuse to compensate that same medical professional for sitting down and actually talking…

Thank you for holding this hearing. I know it is just the beginning of a series of hearings on this subject.

As someone who advocated very strongly during Dodd-Frank that nonbanks could be SIFIs, I have to tell you I share Senator Tester's concern about the transparency as we go through this process.

But my hope would be that you continue that debate, or at least this Member believes that this could be something that could be stimulative to the economy.

I would urge you and even at the FSOC level to look at this, and if you have got some additional suggestions.

I personally believe it is retarding recovery in the housing industry. It is clearly retarding the growth in the number of entrepreneurs.

I do wonder whether waiting until stage three before the FSOC engages with the institution at the principals' level really makes sense.

But this is the tension, and I think Senator Crapo raised it as well.

We have seen increased volatility and periodic dislocation.

Our hope will be that this hearing will take a larger, macro view of the effects of high frequency trading on the economy and the marketplace.

At what price this increased liquidity, and does sometimes simply progress and technological innovation bear other costs that need to be examined?

There are improvements on the legislation that Senator Warren and others of ours have been working on.

We have legal and moral obligations to clean that waste up.

I hope that you will work with me and these web-based entities to ensure that there is better technology integration in this area.

I will take that as a 'yes.'

I hope that we can work together on this.

I think decisions like that should be dealt with by Congress, where there is a lot of input from across the country...

Should follow a rigorous and transparent process, using reliable data, so that regulators and the marketplace can be armed with the best information possible.

Alan has an outstanding 33-year career as a public servant.

I have known Alan for many, many years.

It makes me even madder at myself that I was not screaming and yelling earlier.

If it finished and we hooked up--Frank Wolf is no longer there, so we could probably hook up with I-66.

The only thing is that the Federal Government can raise the revenue, which the private sector cannot do and will not do and would not do and should not do.

I completely concur that we have to have a permanent funding source.

If you do not have that expertise to go toe-to-toe with Wall Street, you get snookered at times.