Bob Menendez

I do not think we can overstate quite how serious today the problem of data breach is in the United States.

I think the experience of consumers today is actually very different.

I wonder whether there is anyone on the panel who wants to give an opinion as to whether or not financial institutions are seriously taking the challenge before them.

I appreciate that answer, because from what I can perceive of Citi's response, that was not the case.

Just to show you how timely these issues are, Mr. Chairman, as we are speaking, a widespread phishing campaign is being targeted on Senate staff with a false IRS statement that if you open up downloads a malicious link.

I want to join Senator Reed in thanking you for holding this hearing.

So then on the two questions, you are saying that if we were to do this, you are not concerned about consumer lending being squeezed out.

So the question is: What would you do if we were to pass this law?

But they are certainly not regulated to the same extent that banks are.

I have been a strong supporter of the credit unions, but I think there are some serious questions here.

Are you concerned about that?

I look forward to working with you. I understand the question of expectations, and I can see that.

I would expect you to be part of the cop on the beat----not asleep at the switch.

It was the most horrific experience of my life.

I do not want to have to cast votes again to face another 2008 in this country

There is a difference between a free market and a free-for-all market

Shouldn't we be looking at how we maybe work to offset some of that ratable loss in a way that still would be an enormous savings to the program but would incentivize mayors to say, OK, let me take this property off the ratable base?

It seems to me that we need to do something to help those individuals now caught in this set of circumstances and yet do not have the wherewithal, certainly at the start where they are facing premium shock.

It seems to me to be a perverse incentive, you know, or disincentive.

Which would be an enormous body blow to this economy that is already struggling to recover.

What would happen is you would have both the Federal Government and any hope of getting the private sector back into underwriting mortgages walk away from all properties at flood risk.

I am one of those who remains hopeful, while at the same time concerned about the future of Latin America.

Sustained income inequality threatens to disenfranchise the many who are not sharing in these economic gains.

The work that you are being asked to do, should you be confirmed, is of vital importance to the U.S. Government.

I have real problems having American lives shed and having American treasure continuing to be shed.