Rand Paul actually said...

"The Federal Reserve is hardly a protector of the consumer when it distorts the interest rate that is paid to the savers."

"But when you prop-up policies that are bad, ultimately the consumer is hurt by these regulations because the market doesn't hold them in check."

"I am concerned about the history of regulation. We don't have a real good record that regulations prevent problems."

"Thank you, Mr. Chairman. I want to thank you for holding these hearings because I think they are very important."