David Scott actually said...

"And are you willing to revise this carve-out to make it meaningful to non-systematically risky commercial companies that offer swaps, so that they can conduct their business without being caught up in..."

"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..."

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

"What I think is the fair question is not that it will be expensive but what will be the marginal cost of providing that additional level of protection?"