"It is harder to hedge risk today than it was 10 years ago."
"Ultimately, it is the American consumer who will bear the burden of these increased costs."
"Our report concludes that the increase in the number of futures contracts from 30,000 contracts in 2004 to 220,000 contracts in 2008 has created this additional demand for futures contracts unconnecte..."
"All right. Again, I would say that in their prepared statement, prior to being approved by CME, they say all index traders were required to receive prior CFTC approval."
"I do not believe we are alleging any wrongdoing on the part of index investors or anyone else."
"Our investigation did, however, reveal that an abundance of long open interest helped to inflate futures prices."
"So my point is that the working of these markets have real-life consequences."
"As the Ranking Member of the Appropriations Subcommittee for Financial Services, I joined with Chairman Durbin to increase funding for the CFTC to $177 million--an increase of 10 percent over the Pres..."
"Farming is risky business. It is a notoriously thin margin the people in the food industry have."
"The Subcommittee's report on excessive speculation in the wheat market is a very important contribution."
"The continued lack of convergence in important segments of the wheat market has significantly diminished the usefulness of the wheat futures market for commercial hedgers."