"If this Committee wants the CFTC to stay as the principal regulator in this, it must work aggressively and it must demonstrate to the American people--and when I say 'the American people,' the industrial consumers of commodities are at this table, the farmers, the heating oil dealers, the gas statio..."
"The American taxpayer has now guaranteed $6 trillion of the banking system."
"If we called torture 'enhanced interrogations,' one would think we would come up with a better name than 'bad bank,' but we can't, because bad banks hold bad instruments that were unregulated."
"put these instruments back on a transparent market like the Chicago Mercantile Exchange."
"I can guarantee you, London will regulate this stuff faster than we will regulate it."
"the blame is being put on the United States for having created this crisis."
"I thank you today, Mr. Chairman and Members of this Committee for your courageous stand and your desire to re-regulate Wall Street."
"I congratulate the Committee for its commitment to gain and provide a greater understanding of the importance of credit default swaps."
"This discussion is not only appropriate but overdue."
"I believe that the Derivatives Markets Transparency and Accountability Act of 2009 goes a long way toward rectifying the inherent problems in our current regulatory framework."
"This discussion is not only appropriate but, perhaps, sadly overdue."