Glenn Thompson actually said...

Any new and untested proposal that has widespread implications for the orderly clearing of derivatives trades must be given due and proper c...

We must consider the potential of this model to expand into other derivatives market and be adopted in some form by other clearinghouses.

We have the greatest financial system in the world, as I said, and we must ensure that the CFTC's regulatory safeguards governing derivative...

Ranking Member Thompson has warned against using this hearing as a 'political charade.'