"As you've well noted, the situation is grim. The challenge presents us with equally great opportunities for action."
"let's determine what the true costs of lowering greenhouse gas emissions are, versus the costs of climate-change impacts."
"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..."
"I have no doubt that 2008 will go down in history as one of the darkest years for our system of Federal financial regulation."
"I have a real problem, Mr. Chairman."
"I am especially troubled by the sheer magnitude of the warnings the SEC received in the Madoff case and either neglected to look into it or just scratched the surface and called it a day."
"Several of Mr. Madoff's family members worked for agencies responsible for regulating Mr. Madoff's firm."
"It was an elaborate scheme that cost thousands of people an estimated $50 billion."
"But even after regulators conducted eight investigations over 16 years, virtually nothing was done."
"The failure of regulators to check the irresponsibility on Wall Street allowed financial titans to grow so large and powerful that their collapse was a systemic disaster for our economy."
"Why would someone hide all of this information if it isn't for the reasons of fraud?"