Barack Obama actually said...

"It's inexcusable and Americans are right to be angry about it and I am angry about it. I will not tolerate this kind of behavior in any agency, but especially in the IRS."

"The Securities and Exchange Commission (SEC) plays a critical role in protecting Americans' investments for retirement, higher education, and other personal savings."

"The misconduct that it uncovered is inexcusable."

"We can never repay our debt to these officers and their families, but we must do what we can, with all that we have, to live our lives in a way that pays tribute to their memory."