David Vitter actually said...

"I think the proposed legislation identifies several ways in which we can hopefully begin to rectify the problem."

"the average customer is sort of actively being misled, as given this 'Good Housekeeping Seal,' member firms are actively using that for their benefit in the market."

"Right, except they had a CD and they never agreed to lend money to the brokerage firm."

"I think there has to be a better path to ensuring that SIPC, true to its mandate, is truly independent."