Jack Reed actually said...

"we have to be incredibly watchful, and that is why the coincidence of owning physical assets and then participating in trading and other activities has to raise these questions."

"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..."

"And what steps have you taken besides reporting?"