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And we also have access to this incredible data, the monthly polls that Kaiser Family foundation does that i know we all found a very viable. I am interested in, as you were looking at all of that, what were the things that most surprised you about the trends in enrollment and the things that you think are most important to the ultimate success as we saw . First of all, the secretary did not always like the polls. [laughter] the most amazing thing about the polls really was that they never changed. From passage until today. That is because randomly distributed almost perfectly along partisan l...

Advantages at unfathomable speeds earning billions off price differences measured in pennies. Were in the era of high speed trading. I am troubled as are many by some of its hall marks. It is an era of market instability as we saw in the 2010 flash crash. This subcommittee and Senate Banking committee shared in a hearing. It is an era in which stock Market Players by the right to locate their Trading Computers closer and closer to the computers of stock exchanges confirm a little speed advantage yielding massive products. It raises the question of whether much of what we call the market is in ...

Participate. I wonder if the stock exchanges are still a place where their interests matter. Hopefully this hearing will shed light on the trading practices used on wall street and help restore confident on the financial system. T while the problems facing the market are complex, we can address them with a few common sense solutions. For example, one of the most predator High Frequency trading practices depends on the unintended consequences of the secs regulatory National Market system or regular mns. That mandates that investment firms must buy or sell stocks at the best price available. Whi...

The truth, so help you got . We will be using a timing system today. Please be aware that one minute before the red light comes on, you will see the light change from green to yellow, giving you an opportunity to conclude your remarks. All of your written testimony will be printed in the record in its entirety and we would ask that you try to limit your oral testimony to five minutes. Professor battalio, we will have you go first. Thank you again for your work. Good morning, chairman levin and Ranking Member mccain. Thank you for inviting me to testify today. Its an honor to have the opportuni...

Testimony. All witnesses who testify before this subcommittee are required to be sworn. At this time i would both of you to please stand and raise your right hand. Do you swear that the testimony youre about to give before this subcommittee will be the truth, the whole truth, and nothing but the truth, so help you got . We will be using a timing system today. Please be aware that one minute before the red light comes on, you will see the light change from green to yellow, giving you an opportunity to conclude your remarks. All of your written testimony will be printed in the record in its enti...