Peter Welch actually said...

"One is to make certain that the hedging a benefit is absolutely available at the least possible costs."

"There was a total lack of regulation. They didn't have any margin requirements, and it led to outsize risk taking."

"So that market has to be protected, and we have already seen that we have severe problems in the market."

"There has been a premise in corporate America that the more you are paid, the more you are worth."