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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 l...

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 nort...

Another day or so. Im one of the coowners of politics and prose. We both welcome all of you and also on behalf of our great staff. A few housekeeping announcements before we get going. Most of you have been here so you know the drill, but if anybody doesnt, michael will speak about his book the first half of the program that he will be happy to take questions. We only have one microphone and its right here so hopefully you can make it appear and this is being recorded so it is helpful to become helpful to if you want to ask him something. If you have a cell phone or other noisemaking device. W...

Few housekeeping announcements before we get going. Most of you have been to events here, see you know the drill. If anybody doesnt, michael will speak about his book for about the first half of the program and then he will be happy to take questions. We only have microphone up tonight. Its right here. Hopefully you. Hopefully you can make it to microphone. This is being recorded. So its helpful to hear the question so we ask that you try to make it right appear if you do want to ask him something. If you have a cell phone or other noisemaking advice it but you could turn off, now would be a g...

Location where they need help. The city is asking that you do where close closed toe shoes and bring a shovel if you can. The city is now asking that all cars parked downtown be removed by 7 00 tomorrow morning. The city needs to get flood Protection Equipment into the area. River levels are still a threat to the cedar rapids area. Reporter its not around parts of our Northern County and all the water is rushing downstream. Many rivers and streams in eastern iowa are at or about latestage. We will stay there for several more days. I wanted to show you some of the crest on the cedar river becau...