Jack Reed actually said...

"It should be concerning to anyone reading this that there is no algorithmic, cross asset-class surveillance being performed right now."

"I think that is a good step forward for exchanges."

"the market itself is--you know, as he says, it is a casino."

"I would hate to get to the point where we make a policy decision that we are going to go ahead and somehow help students refinance and discover that the mechanics do not work."