07/17/2012
https://www.congress.gov...
"What is 'excessive speculation'? Because that is our whole problem."
"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."