"I personally don't think this makes any sense at all because to me, the whole reason we have an SEC is to act to protect consumer investors."
"Just a week ago Maine's fuel dealers were in my office saying that they believe excessive speculation by noncommercial players is once again driving up the cost of oil."
"Just two final questions from me. Senator Levin and I have introduced a bill that would repeal the language that prohibits the Commodity Futures Trading Commission from regulating derivatives."
"An analysis of the Obama administration budget proposal by the Congressional Budget Office projects that the public debt ratio will double in 10 years, to 82 percent of GDP."
"Thank you, Mr. Chairman."
"Another reform that we need is the ability to identify and prevent what I refer to as regulatory black holes."
"I am convinced that we not only need to make sure these two agencies have the resources necessary but that we need to proceed with regulatory reform."
"This doesn't make much sense to me."
"The CFTC has been woefully understaffed."
"What are your plans to reach out to investors, particularly small investors or senior citizens?"
"Which is why we need this council of regulators approach because the problem now is the marketplace is always going to be innovating."