Christopher Dodd actually said...

"There can be no excuse for that colossal failure. But I demand--the victims of this fraud...demand--an explanation."

"Instead of helping people understand risk, it was hiding risk, in effect, too often and relying on the people who paid their salaries."

"We need to restore honesty and integrity to our financial system."

"The question is how do you do this. We all recognize the problem. Now what is the answer?"