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Its going to predict how it would react under a stress event. And so was the key one of the key issues is what how are investors anticipating this . Is this part of their Investment Strategy . And do prices reflect it, and do practice Risk Management practices reflect that . I think that there are two issues we have to separate as we address the questions you offered. Is there a liquidity crisis . The first is are we in the midst of a transition from one type of market to over. If over night, we say that ever bond dealer who works in a bank can no longer deal bonds, the next day it will be a little harder to buy bounds. No question about it, and sell them as well. But what will happen afterwards, the banks will sell their operations to hedge funds to other companies, to the employees themselves and theyll get reorganized to find the capital and make money, because there ....
Wouldnt a level Playing Field as you said from your testimony, we have concerns about things like there is a some Data Retention obligations and we think you could do it differently. There is a best interest contract framework and weve heard feedback from folks saying it is clunky and there is a more streamlined way to do it. We have a point of sale disclosure requirement and people have said that that is not necessary. And so what weve done in every circumstance when someone said that the best interest contract is clunky, our response is tell us how to do it better. How do we retain that north star of enforceable best interest contract and still get it done and that is the feedback weve been getting and it has been helpful. And youve incorporated it. We havent made final decisions yesterday. We wont put out a rule until weve gotten all of the comments. Im confident if history ....
University of central arkansas. Finally to my far right last and harming this, is Lieutenant Colonel karen she is a strategic Intelligence Officer with experience ranging from the tactical to the strategic level. With that, let me turn the floor over to colonel hoy who will introduce the program. Thank you very much for hosting us today. Good morning to everybody. I will explain a little bit about where we come from and why we are sitting on this table. What led to this. First of all, we are five or six students from the u. S. Army war college. The six students were already moving to its new assignment in europe so that he could not be here. So we are actually five of six. We are in the u. S. Army war college but we are in a special program called the call are the carlyle scholars program. We do the curriculum in four months instead of 89 months. So we have got more ....