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Hughes is what we claim we want. In both a president ial candidate and a president. A man who did get it. A man called Charles Evans hughes as a Supreme Court justice. All but when the election. In 1916 when president Woodrow Wilson went to bed the Election Night, he thought he was beaten. He had been elected, how American History goes in several Different Directions on suffrage, civil rights. What does he do on Foreign Policy . Germany baited us into war. Wilson would hughes have avoided it . Hes the one you could write novels about. He had Charles Evans hughes who would later the he was on t...

Come back parade. Not startling, but reminder these companies are trying to conserve cash. They look to do it reining in the advertising budgets. The effect on broadcast industry, cable industry, newspapers, publishers, that could be pervasive this is not a shocker. Something i want to pass along. Also broadway right now, it is all blacked out. There are no shows. That will continue to be the case at least through labor day. Were getting word from broadway producers this will be case at least through labor day. Reminders here even when we get back to business it could be slowgoing. Certainly i...

Cyber espionage. The hack of opm is the latest example. Do the chinese steal our Naval Technology and apply it to their navy, and as a corollary to that, are you aware of any evidence concerning china stealing u. S. Civil Nuclear Technology and diverting it to its nuclear navy . Sir, im not personally aware of any instances of another nation stealing our Nuclear Technology and applying to their navy, including china. That may be happening, im not briefed on any intelligence that would implicate that. I think its wellunderstood that there is Cyber Espionage that occurs. We have concerns from ti...

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...