SPEAKER INDEX CONTENTS INSERTS BALDACCI 39 BOWEN 52 53 56 59 61 DEAR CHAIRMAN EWING 102 DOOLEY 27 ERICKSON 21 24 25 26 38 41 44 45 EWING 8 10 11 15 18 20 23 24 25 26 27 29 31 32 34 39 40 41 42 43 44 45 47 50 52 55 56 57 59 60 61 FLETCHER 27 28 29 57 58 GUTKNECHT 32 33 34 HOLUM 15 23 24 37 40 43 44 JAMES J. BOWE 105 JENKINS 40 KEITH WILLIAMS 4 LANCE KOTSCHWAR 4 LUCAS 27 NEWSOME 18 37 41 43 44 POMEROY 35 36 37 38 39 41 42 R 4 SALZMAN 50 55 56 57 58 59 60 SMITH 9 29 30 31 32 34 SPEARS 12 27 28 29 30 31 32 33 35 36 37 40 41 42 43 45 STEPHEN HATERIUS 4 THE HONORABLE THOMAS EWING 102 WILLIAM E. O'CONNER, J 4 YOUNG 46 47 50 55 56 57 59 60 CONTENTS SPEAKERS INSERTS OPENING STATEMENT OF HON. THOMAS W. EWING, A REPRESENTATIVE IN CONGRESS FROM THE STATE OF ILLINOIS PAGE 8 STATEMENT OF DAVID D. SPEARS, ACTING CHAIRMAN, COMMODITY FUTURES TRADING COMMISSION PAGE 11 STATEMENT OF BARBARA HOLUM, COMMISSIONER, COMMODITY FUTURES TRADING COMMISSION PAGE 15 STATEMENT OF JAMES E. NEWSOME, COMMISSIONER, COMMODITY FUTURES TRADING COMMISSION PAGE 18 STATEMENT OF THOMAS J. ERICKSON, COMMISSIONER, COMMODITY FUTURES TRADING COMMISSION PAGE 20 STATEMENT OF MARK D. YOUNG, PARTNER, KIRKLAND & ELLIS, ON BEHALF OF THE CHICAGO BOARD OF TRADE PAGE 46 STATEMENT OF JERROLD SALZMAN, COUNSEL, CHICAGO MERCANTILE EXCHANGE PAGE 50 STATEMENT OF CHRISTOPHER BOWEN, SENIOR VICE-PRESIDENT AND GENERAL COUNSEL, NEW YORK MERCANTILE EXCHANGE PAGE 52 INSERTS SPEAKERS CONTENTS