Richard Durbin actually said...

"Mr. Secretary, in your Financial Crimes Enforcement Network (FinCEN), there has been a lot of work for a long time to upgrade the technology."

"Let me add one other element I should have added, and the difference if we contrast mortgage loans and student loans."

"I ask people at the Federal agency, well, what do you think of this, that we have so much student debt out there owned by our Government, and so much it is not being paid, and defaults, and the like."

"Now what? Now that you know this has taken place, what can you do, what will you do to make certain that it is less likely in the future?"