Richard Blumenthal actually said...

"What has happened, Senator, and that question is a very good one, is that many nonbanking institutions have, in effect, invoked the shield by aligning themselves with national banks."

"This proposal would create a new agency, a very strong financial products watchdog and guardian."

"We can't have a functioning economy if Harry and Louise can't safely invest and borrow without fear of being cheated by greedy banks and Wall Street firms."

"This financial State partnership was riven and destroyed by excessive resort to Federal preemption."