Jack Reed actually said...

I do not know of anyone who has come up with a reason, why any company should allow a kind of general freedom for executives to hedge in an ...

the current executives of banks were deferring more compensation in 2003 than they are required to defer under the current rule under 956.

I personally do not believe that hedging, I mean, that disclosure is enough.

I mean that goes to the whole point about if we are going to have sensible rules that apply to everyone not just the most scrupulous organiz...