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..."

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

"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..."

"When a man named Bernard Madoff can, over the span of 10 or 20 years, lure investors into what has turned out to be a Ponzi scheme, causing many of them to lose millions of dollars, and his wrongdoing..."