Judy Chu actually said...

"These huge pay packages are offensive during these difficult times and Americans are angry about it."

"I know that you made some major exceptions to pay cuts for three senior AIG executives who had signed contracts for multi-million dollars bonuses prior to your appointment."

"I certainly would agree that after the Lehman and AIG experiences there is little doubt that we need a third option that--between the choices of bankruptcy and bailout for non-bank financial firms and..."

"Well, I am very pleased to join this Committee and to have this as my first Committee hearing, so thank you very much."