"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."
"If Congress is truly interested in addressing the problem as opposed to politicizing a solution, we can no longer ignore the complexities of these markets."
"it is imperative that we all work together to come up with a solution that will bring transparency, accountability, and stability to our derivatives markets."
"We must restore proper regulatory oversight if we are going to get this economy built on a solid foundation."
"I would also say it is not sufficient to assert, as many swap dealers do, that the market for credit default swaps function properly and has experienced no major problems during the current crisis."
"the public has an interest in regulating that sort of 'creativity.'"
"I offered an amendment on the last farm bill to close Zelener. We passed it in the Senate."
"I appreciate, first of all, that this is the unanimous position of the Commission, as I understand."