Tom Harkin actually said...

I asked the question in our October hearing, I said, what market forces out there demanded these products? Who was demanding this? The answe...

We need to discuss this further because I had a student loan, and I bought a car with a loan long before any of these derivatives ever exist...

But it just seems to me that if you are going to close the loophole, you have got to put them all on a regulated change.

His response was, 'Well, they don't even know what the value is.' Billions of dollars, and they have no idea what the value is.