Elizabeth Warren actually said...

"Congressman, we are not there yet. We will go for the first time--next Thursday is the first day that we will be statutorily authorized to show up at the banks."

"people expect you to meet your obligations that you have already incurred and they expect you to meet those a 100 cents on the dollar."

"The purpose of the consumer protection agency, as I see it, is to give consumers a fighting chance in the credit marketplace."

"One part of the agency that I am enormously excited about is that we will have bank supervision officers who will be in the banks."