Kirsten Gillibrand actually said...

"the safety nets need improving; they are not working as well as they need to be."

"And capital requirements. I want to get to your argument that you thought the reason why we needed to have an OTC market was because there would be no capital requirements."

"So you are saying that the lending market may not be readily available because of the outstanding risk, and so that you really need a derivative to hedge that risk specifically for the amount of time ..."

"I want to know your opinion on whether we should develop a regulatory structure for carbon trading that is distinct from other commodities."