Elizabeth Warren actually said...

I think it is an important signal here and I am glad to hear that you are thinking about this.

Do you think the Fed's lack of attention to regulatory and supervisory responsibilities helped lead to the crash of 2008?

I am concerned that those responsibilities just are not a top priority for the Board of Governors.

But the truth is, if the regulators had done their jobs and reigned in the banks, we would not need to be talking about quantitative easing ...