Jack Reed actually said...

"One of the issues that becomes so clear from 1999 here to today is that the vision of these integrated companies... is a good vision."

"So you are looking at their trading activity, is it in any way related to decisions by their commodities subsidiary in terms of pricing, in terms of access to materials in the marketplace?"

"the presumption is that the company itself has the managerial capacity to do it well, and that Federal regulators have the managerial capacity to supervise them."

"this is a tremendous burden, and this is one of the things that is inhibiting our growth."