Jack Reed actually said...

"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."

"But you do not look at the interaction between holding that physical commodity in some way, shape, or form and the investment portfolio of the banks, the holdings of the banks, and what they are doing..."

"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."

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