Christopher Dodd actually said...

The truth is that the catastrophe was years in the making caused by regulatory negligence and Wall Street gambling.

In fact, it was the uncertainty inherent in a nontransparent and reckless financial system that made Dodd-Frank necessary in the first place...

I'm deeply grateful to John for conceding the gavel to me here to allow me to chair this hearing.

He has served with distinction as chairman or ranking member of this key subcommittee for more than 20 years.