Glenn Thompson actually said...

"I have heard a number of concerns about the risk, about the threats of their proposed model, and I believe that we must take great caution to preserve and protect our great financial system."

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

"I especially appreciate that today's table is a bipartisan witness table, and it will be a better hearing because of our work together."

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