The financial crisis is a stark reminder that transparency and disclosure are essential in today's marketplace.
Hedge funds, private equity and venture capital funds have played an important role in providing liquidity to our financial system and improving the efficiency of capital markets. But as their role has grown, so have the risks they pose.
We can best honor the memories of those who were killed on September 11 and those who have been killed fighting the war on terrorism, by dedicating ourselves to building a free and peaceful world safe from the threat of terrorism.
Improving oversight of hedge funds and other private funds is vital to their sustainability and to our economy's stability.
If we don't have accurate information, if we are not able to tell difficult truth one to another, we will never be able to effectively design a policy for Iraq.
