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Legislation pass spending legislation. Thiss [cheers and applause] welcome, governor carny. If everyone, please be seated. Madam speaker, im not sure whether thats because theyre glad to see me go and good rid dance or theyre happy for the riddance or theyre happy for the service weve had together. Lieutenant governor, madam speaker, mr. President pro tem, Senate Majority leader, members of the 15 2nd General Assembly, other elected officials who are here, members of my cabinet, distinguished members of the judiciary, invited guests and my fellow delawareans, thank you for inviting me to the c...

Legislation pass spending legislation. This is 40 minutes. [applause] [cheers and applause] [applause] welcome, governor carny. If everyone, please be seated. Madam speaker, im not sure whether thats because theyre glad to see me go and good rid dance or theyre happy for the riddance or theyre happy for the service weve had together. Lieutenant governor, madam speaker, mr. President pro tem, Senate Majority leader, members of the 15 2nd General Assembly, other elected officials who are here, members of my cabinet, distinguished members of the judiciary, invited guests and my fellow delawareans...

Legislation pass spending legislation. This is 40 minutes. [applause] [cheers and applause] [applause] welcome, governor carny. If everyone, please be seated. Madam speaker, im not sure whether thats because theyre glad to see me go and good rid dance or theyre happy for the riddance or theyre happy for the service weve had together. Lieutenant governor, madam speaker, mr. President pro tem, Senate Majority leader, members of the 15 2nd General Assembly, other elected officials who are here, members of my cabinet, distinguished members of the judiciary, invited guests and my fellow delawareans...

Liquidity. And we cant let this narrative go unchallenged. Youve seen it in the fsoc annual report. There was a drive by of it in the multi Agency Report that came out last october. And ive been around this town long enough there always has to be a boogeyman somewhere when youre trying to misdirect. I think this is an area that we need to encourage and not run away from and not vilify, not accept the standard pushback that were getting. And the second point, too which is this notion of the aggregate impact of regulation. And your question, which i think is a good one, how much of it is standar...

Whats needed is an order displaced facility. It doesnt have to be mandated by the government, bit has to be something where private entities can create these things where the price res made public, not necessarily through a consolidated system. But if not reuters or others will consolidate the information just as incident either active does. But most importantly, a system where youre not allowed to trade through those prices because youre not doing your client a service by failing to pick up the easy to pick up trade. There is one additional complicate. If you say you cant trade through that p...