"Merchants have literally no power individually to be able to negotiate a price."
"I think the exchange went to great lengths to try to change the terms of the cotton contract last year because a lot of people were concerned that the cotton market wasn't working properly."
"And our concern also is with the industry itself, the industry that has become so dominated by just four large packers that now control over 80 percent of all the fed steer and heifer slaughter."
"I believe the CFTC is the right place to determine whether that manipulation has taken place."
"I have a lot of community bankers who are very upset about some of the regulatory impacts of Dodd-Frank."
"The goal here is to try to get the regulation right."
"Right, so what steps would we need to take in order to protect, in effect, not just the taxpayers who ended up having to bail them out, but a lot of main street businesses that needed stability in the..."
"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."