David Scott actually said...

"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..."

"Shouldn't futures clearinghouses and derivative clearinghouses be treated the same?"

"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."

"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..."