Tom Carper actually said...

"Federal financial regulators should make clear to banks that participating in abusive structures designed to avoid leverage limits and taxes is unacceptable and penalize the banks that do."

"Congress and financial regulators can and should work together to stop these abuses."

"The Financial Stability Oversight Council, working with other agencies, should establish reporting and data collection requirements to detect and to stop abuse of structured financial products to circ..."

"Congress could go further and adopt the proposal of my colleague from Michigan, Congressman Camp, and tax all derivatives at the end of the year on their market value."