Peter Welch actually said...

The point of our legislation I think was to acknowledge that the futures market is absolutely essential for end-users, but that to the extent it is manipulated by Wall Street speculators, it is for their benefit at the expense of consumers in the productive economy.

Context

Welch emphasizes the importance of futures markets while criticizing Wall Street speculation harming consumers.

02/28/2012

https://congress.gov...

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