Chuck Schumer actually said...

"Well, we hope they do soon."

"Even if you think capital requirements are the major protection here to provide the cushion, maybe because you cannot regulate every single little trade, that transparency--that does not gainsay the n..."

"I liken it to football, if you are a football fan. Imagine if all of a sudden there was 8 times the number of teams but no more referees, and then instead of having seven refs on the field you had one..."

"Thank you, Mr. Chairman."