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Lawmakers had forgotten things. somebody said of the kings of france after the revolution when they were restored, they have forgotten nothing because they learned nothing. they didn't forget anything -- they were against regulation during the period when they ran the congress, when they won't do anything about fannie mae and freddie mac or subprime loans despite their rhetoric now that says they were so upset. they overwhelmingly opposed any financial reform during the period. chris got three republican senators. i think i got two republican representatives to vote with us. it is an ongoing k...

Ground. where we're talking about soy and corn, the spike in prices has been the fundamentals driven by drought and then that's amplified by what seems to someone who has been following us for the last four years like a pricing system for commodities that has grown increasingly volatile and that cashes out in very real ways. when we export a lot of grain throughout had worthe world and spike and somewhere else in the world is paying more for their bread. if we're entering a period of time in which these kind of climate disruptions are more common, is there anything to be done from the regulato...

Position limits for oil speculators, that would send a very strong signal and i think that would have an impact. but i don't think there is any particular magic wand. but we as well try to focus on some short-term steps. ultimately, we should be diversifying and reduce our extendence, natural gas, not just because pennsylvania is more shale region, but natural gas can play a significant role in diversifying our energy sources, cheaper form of energy, very clean and also one that will reduce our dependence on foreign oil. i think folks want us to have an energy strategy, going forward. >> greta...

Statutory authority right now on position limits for oil speculators, that would send a very strong signal and i think that would have an impact. but i don't think there is any particular magic wand. but we as well try to focus on some short-term steps. ultimately, we should be diversifying and reduce our extendence, natural gas, not just because pennsylvania is more shale region, but natural gas can play a significant role in diversifying our energy sources, cheaper form of energy, very clean and also one that will reduce our dependence on foreign oil. i think folks want us to have an energy ...

Absolutely right. we gave them the authority under the law. the republicans are trying to keep them from having the money to use it. >> why aren't the position limits being enforced that are outlined? >> this is a reason why i wanted a single led of the consumer bureau. the commodities future trading commission is a five-member body. three democrats and two republicans. when president obama took office one of the democrats was a man that didn't believe that speculation had impact on oil. he was willing to do that. finally, the president got a replacement and with the leadership of the chairman...