Elizabeth Warren actually said...

"If we make the real point about disclosure, can the consumer accurately understand what you have just done?"

"I strongly support the concept of an independent agency that concentrates solely on consumer financial services issues."

"It is essential that this new agency have real power, that they have flexible rulemaking authority, that it be adequately funded, not subject to the starvation by Congress, and that it have real enfor..."

"Well, my view is, if you cannot explain it, then you probably should not sell it to customers. I think that is destructive."