"So it would be very clear that this regulator would be the primary regulator of all these functions, even if they feel under the range of CFTC or SEC."
"Today's hearing addresses a critical part of this Committee's work to modernize the financial regulatory system--strengthening regulatory oversight of the safety and soundness of banks, thrifts, and h..."
"I just want to welcome him back and let him know what a good thing it is to see him back in the institution to which he brought such luster."
"Today's hearing will focus on corporate boardrooms and try to help us better understand the misaligned incentives."
"I would also ask unanimous consent that the statement of the distinguished Chairman of the Senate Judiciary, Patrick Leahy, be added to the record."
"This Subcommittee has held several hearings in recent months to focus on gaps in our financial regulatory system."
"I appreciate very much that you have been here to speak on behalf of Mr. Lange."
"The constitutional prerogative of advice and consent and the Senate tradition requiring the approval of the home State Senators for judicial appointments, I think, lead to wonderful consequences for A..."
"You are embarking, each of you, in somewhat different ways on a career of public service that will entail a lot of hard work, a lot of late hours."
"I want to thank all of you for your presence here today. This is a very distinguished panel."
"I applaud you on your nomination and welcome you here."
"I hope today's hearing will allow us to examine these and other proposals, and take needed steps to promote corporate responsiveness to the interests of shareholders."
"I hope that if we do anything on corporate governance, I hope that it is modest and we realize that at the end of the day, a lot of factors led to the failures that we have had today."
"This hearing will help determine where the corporate governance structure is strong, where it needs improvement, and what role the Federal Government should play in this effort."
"We have also examined problems that resulted from regulators simply failing to use the authority they had."
"We need to find ways to help public companies align their compensation practices with long-term shareholder value and, for financial institutions, overall firm safety and soundness."
"I share Senator Sessions' high opinion of the JAG Corps."
"But certainly since Congress is not interrogation experts, it would be a mistake for us to foreclose your ability to apply Miranda warnings where the case-by-case and fact-intensive determination made..."
