Christopher J. Dodd: “I agree with Phil Gramm that for us not do something here would be highly irresponsible.”

Today, I think the figure is less than 2 percent.

I think our strength as a country relies on us as being an attractive model, and that has been diminished.

Congress should pass the Homeownership Preservation and Protection Act--two things to mention there--that Senator Dodd sponsored and many Members of the Committee co-sponsored.

I am told, other than on a relatively few violations of the fraud statutes, most of the violations were of SRO regulations.