Barack Obama actually said...

"Exempting these investments from regulation has proven to be a costly mistake--contributing to the $180 billion taxpayer bailout of AIG, the collapse of Lehman Brothers, and the demise of Bear Stearns..."

"The unprecedented price volatility of our markets for physical commodities, such as energy and grains, has hurt our economy."

"I appreciate the fact that Chairmen Schapiro and Gensler have each accepted President Obama's call to be part of the economic leadership team to help craft a more reliable regulatory framework and gui..."

"we cannot . . . must not . . . and will not let our auto industry simply vanish."