09/12/2012
https://www.congress.gov...
"Can we change the rules here, in our country can we change the rules on our exchanges and solve this problem?"
"So you agree we have to have some speculators in the market to make a market."
"It is our obligation in Congress to make sure regulators act in the public interest, based on facts and data, rather than reflexively placing restrictions on unpopular market participants."
"If they are price insensitive, if they do not care what the price is because they are sure they are going to make money on the next month as they roll it over, why isn't everybody doing that?"