Frank Lucas actually said...

My concern is that we don't, in the effort to be so protective and to avoid the tier-one, the tremendous institutions, that we strangle out ...

Are you concerned that such a requirement could unintentionally create a bank monopoly in the OTC commodity derivatives market?

I hope they will be able to answer some of the many questions I, and my colleagues on the Committee, will have about the August 11 proposal.

the Administration's proposal to regulate the over-the-counter derivatives markets will do nothing but increase costs.