David Scott actually said...

"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."

"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..."

"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."