Thanks for the opportunity to be with you. I'm pleased to be with Hal Scott, and in particular with William Cohan who has written so eloquently about these subjects. It is good to be here.
Guy goes into a bar, takes a seat and says, “Gimme a shot of Jack before the trouble starts.” He’s served and tosses it back. “Gimme another before the trouble starts.” And he tosses that one back. He says the same thing again and finally, the bartender asks him, “What’s all this trouble you’re talking about?” To which the guy says, “Um, the trouble starts when you realize I don’t have any money.”
There has been a lot of trouble in the financial sector, for sure. However, I'm hopeful that with the implementation of Dodd-Frank rules and regulations, including strong transparency systemic risk, market integrity and accountability provisions, we can have safer and more secure markets, devoid of fraud, abuse and manipulation. That will be good for traders, markets, consumers and our economy.
Thanks again, I look forward to our discussion.