Carl Levin actually said...

"Those are the speculators we are talking about."

"So is that one of the purposes of the Dodd-Frank Act, to prevent excessive speculation?"

"The Dodd-Frank Act acknowledged the existence of these mixed swaps as hybrid instruments that warrant oversight from the SEC and the CFTC."

"A direct link between a futures contract going up in price because of that last month, and that is used by the people who are actually buying and selling the commodity."