Tom Harkin actually said...

"We need your input to us on authority, which you just mentioned here; if there is additional authority that you need to carry out your mission, we need to know that."

"wouldn't the public interest require this price discovery to be on an open, properly regulated exchange?"

"We cannot continue to do what we have been doing. We have got to make some changes."

"I think we agree on the need to enact significant regulatory reform--significant regulatory reform--of the derivatives market."