03/27/2012
https://www.congress.gov...
"Well, position limits are designed to stop excessive speculation, correct?"
"Excessive speculation leads to markedly increased volatility, what you should expect some market force on real supply and demand to have some influence on."
"Everything seems to be rigged for an upward bias."
"So for clarity for the American people, either there is or there is not excessive speculation, and we have put forward regulations to prevent the potential for that in the future."