I am not a citizen of the world. I think the entire concept is intellectual nonsense and stunningly dangerous.

They promised we would peak at 8 percent unemployment and on Friday we were at 9.4 percent which is not in their budget which means their budget is already wrecked because we are going to have higher unemployment, greater government…

I am not a citizen of the world. And I think the entire concept is intellectual nonsense and stunningly dangerous.

One thing that has been of real concern to me from the standpoint of putting additional regulations in place is the fact that we might stymie, No. 1, innovation on the part of bright minds in the marketplace that are thinking of additional…

It is going to be a lot cheaper to fund you to regulate than it will be to go through another situation that we are trying to recover from now.

I agree with you that certainly posting more capital is going to lower the risk...

Well, having been in business myself, I have never made any money without taking a risk, and I just think it is extremely difficult and would be extremely expensive if we tried to take the risk out of it.

Well, thank you, Mr. Chairman, and you are right, it is certainly above my brain's capacity to understand all the complexities of this industry.

Does your firm use the ICE OTC clearing?

Well, what data is used to support your assessment that oil prices should have been falling last year when most expectations and market analyses showed prices continually increasing throughout the year due to geopolitical uncertainties…

I do strongly believe that the Senate Agriculture Committee and the CFTC must be engaged in the development of any legislation addressing financial regulatory reform.

There seems to be a perception out there that the only derivatives that need to be customized are the very complex and most complex products.

Obviously, there is a difference between manipulation and speculation.

It is the folks that are in the business every day that have the understanding of this rather than those who deal with so many other things on a daily basis.

We are not going to put additional obligations on you without providing you additional funding.

There has been a lot of conversation and critique of the markets over the past year with respect to what is called 'excessive speculation,' and that speculators drove up the physical commodities to record high prices.

There is a disproportionate closure of rural dealerships, at least that's the way it appears to me.

The dealers are not a liability, they are an asset, and I really don't understand the pervasiveness of the closures that are taking place.