Carl Levin actually said...

"It took the Subcommittee an entire year to compile and analyze millions of trading records from the three U.S. futures markets where wheat is traded."

"Our report, which was issued by myself and Senator Coburn last month, concludes that the huge number of wheat futures contracts being purchased by derivative dealers selling commodity index instrument..."

"For more than five years now, this Subcommittee has been taking a hard look at how our commodity markets function."

"And that there not be waivers or exemptions?"