Regrettably, firms and individuals in the investment banking industry... allowed themselves to step on to the slippery slope of irrational exuberance.

This hearing is appropriately about the vigilance of Federal, State, and other regulators who sought to bring an end to egregious conflicts.

I compliment you on holding this hearing. It is one of obvious importance.

I would only suggest again, as you well can understand in a practical context, this arbitration process is going to be very much one of those areas where the public is going to look for the fairness that will be tied to whether there is a…

I think that many would believe that the fund set up for restitution looks thin relative to the overall losses.

I want to identify with the remarks that Chairman Donaldson is off to an extraordinary start.

I would like to thank Chairman Shelby and Senator Sarbanes for holding today's hearing.

We cannot, with the current political situation in Haiti, we cannot channel money through the government of Haiti.

I still think I am right. I think our diversity and variety is one of the greatest strengths that we have as a country, but Jerusalem and the Balkans and Iraq are all diverse.

Too many of our children do not know what makes America exceptional.

The hearing today will address the intersection of two concerns which are extremely important to the future of our country: the education of our children and the principles that unite us as Americans.

Children usually do not learn because they are not being taught, and so the focus today is to put an increased focus on the teaching of American history and civics.

I want to especially acknowledge the presence of Senator Robert Byrd of West Virginia.

We hope we can play a role in taking all the various programs... back in its rightful place in our curriculum.

This hearing is specifically on the subject of legislation which I introduced with 19 cosponsors.

the legislation I propose today will help our schools do what they were established to do in the first place.

It is time that we put the teaching of American history and civics back in its rightful place in our schools so our children can grow up learning what it means to be an American.

We are not doing a very good job of teaching just what those values are.