Frank Lucas actually said...

"But with unemployment stuck at nine percent, I am not willing to just stand by and keep my fingers crossed, so to speak, that the flaws in the proposed rules will be fixed."

"End-users rely on derivatives to reduce risk, bring certainty and stability to our business, and ultimately to benefit our customers."

"We have heard that some regulations may impose significant costs that aren't being accounted for by the CFTC."

"ABA appreciates the efforts of this Committee to ensure that implementation of the derivatives title of the Dodd-Frank Act agrees with the intent of the Congress."