Financial Reform for the Retail Investor?  Should broker-dealers
be required to act in their clients' best interests?   What
about the Senate's proposal to study the issue?  That's a
problem. This is not rocket science that we're dealing with
here. This is pretty rudimentary stuff. I don't know what kind
of a study it would be … I think we have all now considered
this. This is a singular time, and I think [acting] would be a
lot better than putting it off or delaying it.  If it's so
basic, why has the measure been so controversial?  Nobody likes
change. … The world changes around you, and at a point you wake
up one day and say, "I don't want one more change in life,
because if it happens, my head is going to blow apart." That's
the way people are: They get used to existing with the way
things are. And there's nothing wrong with that, actually. And
particularly if you're dealing with fully sophisticated people,
you don't even need a fiduciary relationship. We're really
talking about retail business here, custo