I mean, what do you see that reform looking like at this point? Well, first off, remember, in the last 35 years We've literally increased the amount of paper that the Fed or the treasury is selling into the markets by eight times. And as a result of Dodd Frank and a number of other actions, the number of what I would refer to as primary market makers has gone from 40 something to 20 something. (08:55–09:03)
CLAIM
Asserts that the amount of treasury paper sold has increased eightfold.
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