Elizabeth Warren actually said...

"Based on your responses today, the New York Fed is not there in terms of acting on the issues it identifies."

"I am sorry. Surely, you are not going to take the position, Mr. Dudley, that if most of the time most of what the Fed does is boring or even does its job, that it is OK every now and again to throw in..."

"The problems originate from the culture of the firms and this culture is largely shaped by the firms' leadership."

"Thank you, Mr. Chairman, and welcome, Ms. McFerran."