David Scott actually said...

"not affordable, we're not going to buy it, and it's going to just fall by the wayside like it has at a different time 2 years ago."

"First of all, Mr. Gensler, let me ask you. I have heard from a few of our market participants that the CFTC's proposed rule on margin segregation is highly problematic, and perhaps unnecessary."

"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?"

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