06/22/2010
https://www.congress.gov...
"OK. Does the higher volume generated by the commercial index traders actually increase liquidity or decrease liquidity, in your opinion?"
"So let me go to you, Mr. Strongin. Have I got this right, that I could actually buy an index fund, pay the storage cost, and net about 4 percent versus the cost of my money, if nothing changed in term..."
"One of the reasons people were investing there is fear of not getting a return in other investment vehicles."
"It is not really good for your business in the long term, is it?"