Frank Lucas actually said...

"I want to express my appreciation to first and foremost of course to both Chairmen and both Ranking Members of the two Subcommittees for holding this hearing."

"A margin requirement imposed upon end-users would subject them to significant cash burdens, cash that might otherwise be used to put to work in the economy."

"I have supported the CFTC's collaborative regulatory process."

"I believe the same principles should be applied as we exercise our oversight responsibilities on implementation of Dodd-Frank."