02/11/2020
https://congress.gov...
"I would argue that they are trilateral contracts in that you and I and the 300 million Americans have stepped up to the plate to provide the backstop on many of these contracts."
"Those who have no insurable interest, frankly, I would continue to argue, are purely speculative, and add nothing of value to the real economy."
"I think it is, Mr. Chairman, and we would certainly love to work with you and the Committee and Congress on that."
"It seems to me that if one institution needs hedging and they go to A and A says sure, I will hedge with you, then A has this risk."