Sam Graves actually said...

"Prepared statement."

"Investor Warren Buffet has described the multi-trillion dollar market in financial derivatives as the equivalent of a financial pearl harbor."

"It must be noted that the CFTC has a proven track record in clearing futures contracts, and to date has not lost a single dollar of a single customer's money due to failure of a clearinghouse."

"I support greater transparency and accountability in respect to the over-the-counter transactions."