Robert Menendez actually said...

"I think there is a sense that beyond maybe what the Administration is proposing, there isn't a view that there should be any further regulatory consolidation."

"several big banks have come here and argued before the Committee that we shouldn't have a Consumer Financial Protection Agency because it is bad to separate safety and soundness regulations from consu..."

"We can't guarantee that we will have the type of systems that we want to attract that ridership."

"We need to do much more than that, and as we all have said, if we really want sanctions to be able to have a significant bite, they are going to have to be multilateral."