Robert Menendez actually said...

"But for all the successes the Fed has had in carrying out its core mission--monetary policy--its regulation and consumer protection missions have been abject failures, in my view."

"But isn't it true that, largely speaking, at least at this point in time, these banks cannot raise the type of private capital that they need?"

"I think it will be less costly. We will begin to see the recovery a lot sooner."

"I commend your conduct of monetary policy during your tenure."