David Scott actually said...

"Just to clear up, given that we don't require this margin segregation for futures clearinghouses, I would be interested to know why."

"I have heard from dealers, I have heard from some clearinghouses that margin segregation could dramatically increase costs for everyone involved and will produce only marginal gains in risk protection..."

"If some of these folks are saying that it is very, very expensive, I think--and my suggestion is you really look at it with a very jaundiced eye here."

"I am opposed to any trade agreement at this time."