Patrick Toomey actually said...

"I hope we will keep in mind what seems to me an absence of empirical evidence that suggests that a floating NAV would solve a problem here and the fact that very substantial measures have already been..."

"That can be very disruptive for the ability of the end user to hedge risks and, therefore, very problematic."

"If we do have global uniformity, then that obviates the need for extraterritoriality in our regulations in the first place."

"It is not very useful to investors to have the reams of data about Sarbanes-Oxley for a firm that has no revenue yet."