SPEAKER INDEX Segment 1 of 4 Next Segment (2) CONTENTS INSERTS BARBARA PEDERSEN HOLUM 105 BARRETT 28 29 30 31 BORN 11 22 23 28 29 30 31 32 34 35 37 38 39 40 41 42 43 45 47 48 49 BOSWELL 64 65 CHAMBLISS 69 70 DEAR CHAIRMAN EWING 133 DEAR COMMISSIONER SPEARS 88 134 DEAR REPRESENTATIVE OSE 91 102 ETHERIDGE 26 27 28 EWING 1 6 11 13 16 19 22 23 24 25 26 28 31 32 36 38 40 42 45 46 48 49 51 54 58 59 60 63 64 65 66 69 70 71 GENSLER 49 60 62 63 64 67 69 70 71 GOODE 31 32 GUTKNECHT 46 47 48 66 67 68 69 HAYES 42 43 44 45 63 64 HOLUM 14 23 24 33 37 41 46 HON. DAVID D. SPEARS 134 HON. THOMAS W. EWING, CHAIRMAN 133 MORAN 40 41 42 65 66 NAZARETH 52 58 59 63 65 66 70 NEAL P. GILLEN 134 137 NEWSOME 19 26 27 28 34 36 44 45 46 OSE 45 PARKINSON 54 60 61 65 68 70 POMEROY 36 37 38 42 61 62 63 SMITH 32 33 34 35 36 SPEARS 16 25 34 35 41 42 46 STENHOLM 4 THE HONORABLE DAVID D. SPEARS 88 THE HONORABLE DOUG OSE 90 101 THUNE 38 39 45 46 U.S. COMMODITY FUTURES TRADING COMMISSION 90 CONTENTS SPEAKERS INSERTS OPENING STATEMENT OF HON. THOMAS W. EWING, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF ILLINOIS PAGE 1 STATEMENT OF BROOKSLEY BORN, CHAIRPERSON, COMMODITY FUTURES TRADING COMMISSION PAGE 11 STATEMENT OF BARBARA PEDERSEN HOLUM, COMMISSIONER, COMMODITY FUTURES TRADING COMMISSION PAGE 13 STATEMENT OF DAVID D. SPEARS, COMMISSIONER, COMMODITY FUTURES TRADING COMMISSION PAGE 16 STATEMENT OF JAMES E. NEWSOME, COMMISSIONER, COMMODITY FUTURES TRADING COMMISSION PAGE 19 STATEMENT OF GARY GENSLER, UNDER SECRETARY, DOMESTIC FINANCE, DEPARTMENT OF THE TREASURY PAGE 49 STATEMENT OF ANNETTE L. NAZARETH, DIRECTOR, DIVISION OF MARKET REGULATION, SECURITIES AND EXCHANGE COMMISSION PAGE 51 STATEMENT OF PATRICK M. PARKINSON, ASSOCIATE DIRECTOR, DIVISION OF RESEARCH AND STATISTICS, BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM PAGE 54 INSERTS SPEAKERS CONTENTS