Glenn Thompson actually said...

"We have the greatest financial system in the world, as I said, and we must ensure that the CFTC's regulatory safeguards governing derivatives markets help us maintain that position in the future."

"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."

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

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