Christopher Dodd actually said...

"I support the actions the regulators have collectively taken to stabilize the financial system."

"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."

"There have to be alternatives within those two bookends that give us far more flexibility to respond to these situations."