Brad Sherman actually said...

"It is not sacrosanct but that does not mean it should be discarded. We need to improve it, not dismantle it."

"We all should have known better when they gave AAA to alt-A, when they gave the highest rating to liars' loans."

"$50 billion is a safe harbor. If you are not over $50 billion, they can't designate you a SIFI."

"The focus of Dodd-Frank is on asset size. I think that is wrong."