Christopher Dodd actually said...

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

"We need to reform it. We need to give them a single--the bank regulators need to have a single mission focused on safety and soundness, and we need a new consumer protection agency whose sole mission ..."

"I think all of us would tell you up here, and I am sure you are aware of this, as well, that from our community bankers and, for the most part, the credit unions in our State acted very responsibly th..."

"The problem is the structure itself."