Jack Reed actually said...

"I want to commend you for all your efforts to assist veterans."

"And the irony to me is that if there was a good Volcker Rule in place, they might not have been able to do this because it clearly does not seem to be hedging customer risk or even the overall exposur..."

"But that leaves us in a situation of how do we build in, because our responsibility--build in rules and regulations that prevent, as you would say, well-intentioned, extremely bright people from doing..."

"I think it also is a strong case, in my view, for a very clear but very strong Volcker Rule."