Jackie Speier actually said...

"The move towards replacing State regulatory authority with Federal... is seriously misplaced and misguided."

"That would suggest that we should reinstate the Glass Steagall Act, doesn't it?"

"you should never have been involved in derivatives. It was Glass Steagall that gave you the opportunity to get involved in derivatives."

"The difference is these are taxpayer entities, and we want taxpayer money to be returned to these taxpayer entities."