Again and again, actions in our futures markets have caused some havoc across our country and economy.

Explain that asset bubble as it regards this.

We need someone with these skills, this background and experience, and these values to lead the Commission.

The financial sector has come up with all of these exotic products. No one really understands them except maybe a few people on Wall Street

He appreciates the role of the Congress and the workings of our political system.

I have absolute confidence in his integrity and in his judgment.

Speculative funds ran up the prices of the cotton futures market at a time when there were record surpluses of cotton.

We must have an unflinching determination on the part of the Commodity Futures Trading Commission to restore integrity to these important markets.

I asked the question in our October hearing, I said, what market forces out there demanded these products? Who was demanding this? The answer came, no one.

We need to discuss this further because I had a student loan, and I bought a car with a loan long before any of these derivatives ever existed.

But it just seems to me that if you are going to close the loophole, you have got to put them all on a regulated change.

His response was, 'Well, they don't even know what the value is.' Billions of dollars, and they have no idea what the value is.

This nomination comes at a very challenging time.

I think our last year has shown that more aggressive activity on the part of the CFTC is really needed.

I consider them very courageous people. They bring forth a lot of valuable information.

With so much money in the housing market, unscrupulous individuals found a marketplace that was lax in regulation and enforcement, making it easy to commit fraud.

It is my intention coming back, although I do not have any idea ahead of time how much Senator Reid wants of our time.

The economic crisis that the country is experiencing began with problems that were related to the overleveraged, overpriced, and unsustainable housing bubble.