Frank Lucas actually said...

"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."

"Don't you think it is a fair statement... that we won't ultimately drive this market into this one set of hands that have the deepest pockets?"