Tom Harkin actually said...

"I don't think the PBGC should be a hedge fund is not because the world can't live with hedge funds--that's not it--but because I don't think a government agency can do so, or should try."

"I want to thank Senator Mikulski, the chair of our Retirement and Aging Subcommittee, for her leadership, particularly with respect to PBGC."

"the firms that make these commitments... they need to hold capital, be forced to post margin against those commitments."

"Ah. I like what I hear. Thank you very much."