David Scott actually said...

"I feel that we as Members of Congress need to press United States Trade Representative Kirk and the rest of the Obama Administration to hold these trading partners--and I use the term 'partner' loosel..."

"it seems that Treasury intended to give clearinghouses the ability to allow end-users to move swaps transactions from one clearinghouse to another."

"the language in the Treasury proposal could be read to force--to force--clearinghouses to treat transactions as fungible, which could have a negative systemic risk implication."

"So, from my perspective, these are all lessons coming out of the failure of those institutions, and, hence, the need for regulators to have clear authority to require changes when necessary in the con..."