Jeff Merkley actually said...

"I think the current law is not effective in accomplishing what it set out to accomplish."

"I think it is something that may help explain some of the cultural issues that seem to be coming up time and time again."

"Is it your recommendation today that the Fed aggressively require divestment of commodities by banks that are also trading in the price of those commodities?"

"Well, this is happening regularly. We have banks that control pipelines."