"What we ought to have done, what we can still do, is to put into receivership those financial institutions that are insolvent..."
"But "too big to fail" is not only an attack on the taxpayers..."
"I think we need to divorce the rescue authority from the regulatory authority."
"I think that those who provide us with music are entitled to be paid for it."
"The intellectual property industry is what keeps Los Angeles afloat and functioning."
"I think one of the key problems that got us into this mess is that companies issued insurance on portfolio's without insurance regulation or insurance reserves."
"Systemic risk regulator--everybody knows that we need one, but nobody knows what it is."
"I am concerned that we are seeing taxpayer money transferred to Wall Street based on the political power of the entities involved."
"I hope the Hart-Scott-Rodino process plays itself out."
"So many of them are not going to be the big superstars, but they may make it for a year or two."
"I think this hearing is important, not only because it affects consumers so much, but it affects the artists and the music that we all love."