John Sarbanes actually said...

"I want to thank the panel. This is a fascinating and sobering topic."

"There is a little bit of a moral hazard dimension here in that you can imagine people saying, well, I don't necessarily want to step in now and be the guinea pig if it doesn't look like structurally t..."

"It is not helped by the fact that people don't really understand this product."

"I had the opportunity for about 18 years as an attorney to work with retirement communities, nursing homes, assisted living facilities in the State of Maryland and saw how critical the resource of Med..."