Chris Dodd

Getting people familiar with just basic math techniques and balancing a checkbook... can contribute significantly to this.

Thank you as well for your insistence over the years on financial literacy.

There will be people out to get rid of it.

It is a great question to ask, Mike, on this, because for years, in fact, it was the independence...

You have got to have a confirmable nominee, and we have got to get someone in place.

We cannot legislate morality, and goodness knows we cannot legislate wisdom.

The work is not done at all. Hardly a mission accomplished.

The Dodd-Frank Act also calls for the largest and most systemically important banks to meet higher capital requirements.

In my view, history will record that your involvement and your participation helped save this country, and so I appreciate very, very much what you did, and we are grateful to you for your service.

But like the Glass-Steagall Act and the Securities and Exchange Act, it will require very good, competent, energetic regulators.

It is essential that the liquidation rules make clear to equity shareholders and unsecured creditors that they, not taxpayers, are at risk when their company fails.

What we have done with this legislation is to eliminate the gaps, the overlaps, and the shortfalls that allowed some financial actors to game the regulatory structure.

It was never my intention to have the U.S. Senate, the House of representatives, or the Congress as a whole do the job of regulators.

Thank you very much, Chairman Bair, and thank you again for your tremendous involvement over these many, many months.

We are well on our way to putting this, 'badly needed' Dodd-Frank Act into effect.

We have established an early warning system so that we never again find out that a financial product or practice is unsafe only after it has already undermined the stability of our economy.

I believe 5 percent is what we were debating at the time.

The absence of capital and the needed availability of liquidity that this Administration does support an extension for another year.

I would hope my colleagues would take a look at this in the next 2 weeks.

The Committee will review the Inspector General's Report on the Commission's failure to stop the Stanford financial fraud in a timely manner.

It seems to me again it is not our business here to hire and fire people at the SEC, but in light of what went on it seems to me that people may have left.

I think we go from $1.1 billion in this fiscal year to $2.25 billion by 2015.

Regulatory oversight is a prime responsibility that this Committee takes seriously.

Senator Shelby made a very good point in his opening statement, in drawing a distinction between the Madoff case and this case.

Those three hearings contributed to reforms we included in the Dodd-Frank Wall Street Reform and Consumer Protection Act.