Henry Waxman actually said...

"I think it is fair to say that some compliance will go undetected."

"I commend President Obama for recognizing this through his administration's significant efforts to educate consumers about fraud."

"Imagine getting an email from a dear friend that she had gotten mugged while on vacation, that her cash and credit cards were taken at gunpoint, and she needs you to wire money so that she can pay her..."

"According to the FBI, older Americans possess certain characteristics that make them attractive targets for fraudulent activity."