Christopher Dodd actually said...

The truth is that the catastrophe was years in the making caused by regulatory negligence and Wall Street gambling.

He has served with distinction as chairman or ranking member of this key subcommittee for more than 20 years.

I'm deeply grateful to John for conceding the gavel to me here to allow me to chair this hearing.

I wanted to share a few more thoughts about a subject matter that I've obviously been deeply involved in.