Christopher Dodd actually said...

"We need to provide them with the peace of mind to protect the policyholders as well and make sure that our insurance industry is strong and stays strong during this time of economic difficulty."

"Handing over the public purse to an enhanced Fed is simply inconsistent with the principles of democratic Government."

"The economic crisis introduced a new term to our national vocabulary--systemic risk."

"Taxpayers had no choice but to step in, assuming billions of dollars of risk, and save companies because our system wasn't set up to withstand their failure."