Patrick Toomey actually said...

"In fact, Senator Johanns and I have introduced legislation that would deal with this which would really specify and make it clear that this requirement would not apply to end users."

"Senator Toomey rightfully emphasized that the current model of futures markets clearinghouses worked well during the crisis."

"As to whether or not an end user should have a margin requirement, I think that is a credit decision that should be made by the counterparty."

"Thank you very much, Chairman Reed, for this opportunity to welcome Dr. Chester Spatt."