Frank Lucas actually said...

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

"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."

"We did not contribute to the financial crisis and we don't pose a threat to the financial system."

"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."