Jack Reed actually said...

"I think just a comment. I think this approach of getting the information might also ultimately be beneficial to some hedge fund participants."

"I appreciate the fact you seem to speak favorably of the approach of investment advisers."

"Chairman Reed, Ranking Member Bunning, and Members of the Subcommittee."

"And we are very fortunate because our second panel has provided excellent testimony from the vantage point and experience of market participants."