Janet Yellen actually said...

"We have learned a harsh lesson about the dire consequences a financial crisis has for ordinary Americans in the form of lost jobs, lost homes, lost wealth, and lost businesses."

"We have enormous responsibilities that will be given to us under this legislation."

"I think we were monitoring housing prices very carefully and became concerned certainly by 2005 that there might well be a bubble in the housing market."

"The first key challenge will be to improve our supervision particularly of the largest and most complex bank holding companies."