Many in the financial industry are paying close attention to statements made by Rep. Jeb Hensarling, the new chairman of the House Financial Services Committee, about the relationship between the government and the private sector. "A great case can be made that we need greater capital and liquidity standards," Hensarling said recently. "Certainly, we have to do a better job ring-fencing, fire-walling -- whatever metaphor you want to use -- between an insured depository institution and a noninsured investment bank."

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