Robert Menendez actually said...

"The failure of regulators to check the irresponsibility on Wall Street allowed financial titans to grow so large and powerful that their collapse was a systemic disaster for our economy."

"But even after regulators conducted eight investigations over 16 years, virtually nothing was done."

"It was an elaborate scheme that cost thousands of people an estimated $50 billion."

"Several of Mr. Madoff's family members worked for agencies responsible for regulating Mr. Madoff's firm."