What we are here to speak to is the poor investor, not like you, that wanted to buy at $10 and did not get to because the market moved away and the broker chose to route--make sure that--so the broker routed the order.

I think the way that it is recorded in the press, I think it really is.

How much additional money could it cost the consumer if there is a conflict of interest?

I want to get back to the overall dollar value of these maker and taker arrangements.

So we are talking about on a $2,000 trade that is a conflict of interest, a broker is going to push a trade into a maker-taker arrangement where he gets 30 cents.

I have been pleased with the transparency within the investment banking community during my lifetime.

I have a little more time here, so I do want to go back and really explore exactly what is happening and exactly what type of harm could be happening.

It does not bother me that people make money. They need to make money to provide different products and services.

I am concerned by throwing out those types of terms and making it seem like everybody is in this business and they are just really trying to stick it to the individual retail investor.

What I want is an example of a trade, so we can really put this all in perspective.

So I did see TD Ameritrade revealed how much they are making on these maker and taker, this order flow fee, something like $200 million.

Thank you, Mr. Chairman. I also want to thank you for holding this hearing.

I think that might have very harmful unintended consequences versus letting the free market competitive system drive transparency, drive competition.

Just a quick comment. Again, as an individual investor, the way I evaluate best execution is I put in an order for $20, I got it for $20.

I mean, if you were watching this 100 percent of the time, if you were putting in the right type of order, you could make sure that you were going to have an executed trade, just about, I mean, couldn't you?

you have to drive that.

Where does the Treasury get the money to redeem the bonds?

Where does the Treasury get the money to redeem the bonds from the trust fund?

So what does the Treasury do? They float additional Government bonds or they have to increase taxes, correct?

I appreciate you spending the time to meet in my office and I appreciate your willingness to serve.

Let us talk about allocation of capital and government investing, because I hear this word 'investing' all the time, and generally, it means spending.

As a candidate, President Obama did say that because of his cap and trade proposal, electricity rates would necessarily skyrocket.

it was actually Tom Coburn and Barack Obama who introduced that legislation.

the DATA Act is all about that. It is about measuring things accurately and uniformly across government.

We have not even achieved half the average growth of post-World War II recoveries.