Robert Menendez actually said...

"So basically--and, Mr. Chairman, I will end on this. My understanding from the panel is that you are all in support of a consumer financial protection agency?"

"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..."

"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."

"that very system failed miserably to protect middle-class American consumers."