Christopher Dodd actually said...

"The insurance industry provides millions of Americans... with the safety net they need both as individual homeowners, small businesses, as well as larger enterprises."

"In our system of Government, elected officials should make decisions about fiscal policy and the use of taxpayers' dollars, not unelected central bankers."

"A council of regulators will provide the necessary perspective and expertise to view our financial system holistically."

"Without a new comprehensive resolution regime, we will be forced to repeat the costly ad hoc responses of the past year."