Elizabeth Warren

I often describe our Federal regulators as the cop on the beat.

I would like to have a 'yes.'

But you are not looking.

I do not understand why this would not be a priority.

either you need to fix it, Mr. Dudley, or we need to get someone who will.

It helps put our system at greater risk and it increases the likelihood of regulatory capture all at the same time.

We need bank regulators who work to protect the American people, not the profits of giant banks.

this shady deal was clearly intended to help Santander evade the regulations, in this case, capital standards, of the European banking authority.

this is part of the reason we need a 21st century Glass-Steagall law.

You want the big financial institutions to hold up a mirror and look at their behavior, because, you say, otherwise, we are not going to get a change.

You are supposed to be supervisors.

It is also felt most acutely on Main Street. That is why it is so important that examiners and supervisors and regulators remember that their job is to serve the public, to serve Main Street, not the banks they oversee.

let's be clear, India is producing 40 percent of our generic drugs, and the FDA's supposedly burdensome oversight team in that entire country consists of 10 full-time employees.

Actually, my staff checked with the FDA this week, and it turns out that almost none of those letters went to drug manufacturers.

One way that regulatory opponents often track FDA oversight is by looking at the number of warning letters that the agency sends out.

Thank you, Mr. Chairman.

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

I think we need a deeper investigation into the price hikes. Frankly, I think we need more support for those FDA inspectors who are trying to keep our drugs safe.

I understand that individual enforcement actions may temporarily affect the price or availability of a particular drug, but data demonstrating decreasing enforcement over manufacturers does not justify a price spike of 40 percent.

You have not helped a single family, not even one, by agreeing to a principal reduction.

This looks like a program to me that you do not need to spend another year on. It is a program that needs to be severely cut back.

How many more people have to lose their homes before we get there?

It has been 6 years since Congress created FHFA, and in all that time, your agency has never, not once, permitted a family to reduce its principal mortgage through Fannie or Freddie.

But they are not principal reductions, so let us just be----

corporate profits in America are at an all-time, and the Dow Jones Industrial Average continues to hit new records.