Jack Reed actually said...

I am coming to a conviction, that many times these devices are used to avoid regulatory constraints.

Reed expresses concern about derivatives being used to bypass regulations.

02/24/2010

More Jack Reed Quotes

My sense is that the essence of your proposal is not simply to prevent proprietary trading but, more importantly, to get them to start actin...

I grew up the where the rule was KISS, Keep it simple, stupid.

They have just cut my line of credit in half and raised the interest rates by 10 or 12 percent.

We do not want to subsidize the risk. We do not want the bailout.