Bob Menendez

I have the same dismay he has about how the Securities and Exchange Commission worked in this regard.

So it was not a denial of information. It was their gross incompetence in even pursuing the information.

Well, I have to tell you, it seems to me that you could not run a company and you cannot conduct a Government service in which you have gross incompetence and those people are allowed to stay at their jobs.

Do we correct what is wrong with the SEC?

Both the EPA, the Department of the Interior, and the Army Corps of Engineers came to an agreement on how to protect people from the disastrous effects of mountaintop removal.

I am just urging you to consider that when there is a determination of market manipulation, that in fact the commission use its authority both in its penalty authority, as well as in its rebate authority to consumers as a very strong…

We want to see more of that transmission be for renewable energies.

I appreciate your answer, but there is one common goal that the three agencies came to in their memorandum of understanding, and that is, that they will institute a plan that minimizes the environmental impacts in the short run and…

It would be in my view almost unlimited power.

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

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.

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 consumer protection regulations.

I would join Senator Reed in that effort.

A substantial and sustained investment in transit is critical to our Nation's economic well-being.

Having multiple modes of transportation are critical for national security.

A sustained investment in transit is critical to our Nation's well-being.

We will look forward to hearing from you as soon as possible.

The FTA report provides a blueprint for modernizing the Nation's fixed guideway systems.

Thank you very much for your service.

We can't guarantee that we will have the type of systems that we want to attract that ridership.

So you would probably have to reduce service.

Well, maybe we can find a way to incentivize that.

We want to move people increasingly to transit.

If we do not increase our investment in upgrading and maintaining transit systems soon, we will inevitably face a crisis.

I think that the Chicago Transit Authority has effectively used some of the Recovery Act funding to deal with some of their challenges, if I am not mistaken.