Richard Blumenthal actually said...

"Since the very first hearings before this Committee on modernizing our financial regulatory structure, I have said that consumer protection should be a top priority in our deliberations."

"We know now that for 14 years, despite a clear directive from the U.S. Congress, the Federal Reserve Board took no action to ban abusive home mortgages."

"These moments are the reason that I and many of my colleagues were enraged by the spectacular failure of consumer protection that destroyed economic security for so many of our American families."

"The new agency--a consumer financial guardian--promises to be a powerful watchdog and protector, and a partner of State attorneys general in fighting for our citizens."