Christopher Dodd actually said...

"It is time for a level playing field for financial services competition based on strong rules, not based on exploiting consumer confusion."

"The problem is the structure itself."

"The present system of consumer protection is not designed to be independent or accountable, effective, or balanced. It is designed to fail."

"The failure of that system in recent years has left our economy in peril, as we all know, and caused real pain for many hard-working Americans who did nothing wrong themselves."