Elizabeth Warren

I think we already have ample evidence that the Fed needs to place additional restrictions on how banks trade and warehouse physical commodities.

I believe it is time to start looking seriously at other options. Too big to fail is just too dangerous for us to cross our fingers and hope for the best.

The Volcker Rule is an important step in the right direction if it is strongly enforced.

No, and I think it has the added difficulty that you will never find a clear-cut definition of what is a hedge and what is a speculation.

The GAO report concludes that it is too early to declare victory on the too-big-too-fail problem, and I agree.

I am very pleased to introduce Judge Leo Sorokin, who has been nominated to fill a judicial vacancy on the district court for the District of Massachusetts.

I am proud to have recommended him to President Obama, and I look forward to his full approval by this committee and swift confirmation by the full U.S. Senate.

The committee's recommendation reflects the strength of Judge Sorokin's resume, the extraordinary support that he has received from those who have worked with him and appeared before him.

Thank you very much. Thank you, Mr. Chairman, and thank you, Ranking Member Grassley, for holding this hearing and for allowing me to be here today.

Mark came highly recommended by the Advisory Committee on Massachusetts Judicial Nominations.

I am very pleased to be here this morning to introduce Indira Talwani.

The null hypothesis, if we do nothing, is incredibly expensive

If we do not design a program, we are still going to pay for it. We are just going to pay for it in some really terrible ways

Every single Commissioner thinks that there needs to be a solve

Only 18 percent have retired benefit plans.

The lack of a basic safety net on long-term care is just more fuel to the fire on the kind of problems we are going to face.

We have public policy that is sort of perfectly built for 1972

A lot of people think, well, we have got Medicaid, so I will be okay if there is a problem out there.

A third of all seniors have less, or as they approach their senior years, have less than a year's worth of income and a third have no savings at all.

Is this a sustainable path, that is, counting on Medicaid to be the safety net.

It just seems like, to me, this is another example of how middle-class families are getting squeezed.

The current system forces seniors to spend most of their assets in order to qualify.

This dual-track policy that we are on now--imposing tough sanctions on Iran while engaging them diplomatically--I think reflects this commitment, and that approach has clearly brought Iran to the negotiating table.

The value of the temporary sanctions relief, I take it from all you have said, is minuscule in comparison to Iran's economy.

So America and its allies are committed to preventing Iran from obtaining nuclear weapons, and we are committed to protecting our allies throughout the region, including Israel.