Robert Menendez actually said...

"I have a real problem, Mr. Chairman."

"When your 2005 investigation revealed that Mr. Madoff misled the SEC about the strategy he used for customer accounts, withheld information about the accounts, violated SEC rules by operating as an un..."

"While I know we don't focus on taxation issues in this Committee, it seems to me that one of the areas is that you all paid estimated taxes based on some phantom interest income."

"I hope we can, whether working with the Finance Committee or whomever, look at this question of phantom interest."