David Scott actually said...

"They had nothing to do with the financial crisis, and that must always be taken into consideration."

"Our Committee took particular and very great pains over the years to exempt end-users from the margin and capital requirements necessary to reform the derivatives markets, for the simple reason that t..."

"Why is this discrimination happening by the EU to our United States, when they are allowing other regimes with the equal robust regime to come in and get that equivalency?"

"Today's hearing is very, very important, mainly to finding that right balance between high enough capital and margin requirements to keep the system safe, and low enough capital and margin requirement..."