Elizabeth Warren actually said...

"Following the bailout of a 100 cents on the dollar--because the Fed has described and they describe in their written testimony, it was totally binary."

"So government help--you had to evaluate it, evaluate what its impact was going to be."

"I view this panel as an important vehicle through which the American people can gain assurances that this program was necessary and is being conducted in a manner that enhances the welfare of all citi..."

"Right. Now you say in your written testimony, I've gone through your written testimony, you talk about not having the regulatory tools that you needed during this time period, is that right?"