Here we have a rig that the industry has told us so many times is so technologically advanced it supposedly could not spill.

There's this transference of liability or finger-pointing.

This incident appears to have been entirely preventable if internationally accepted practices were followed.

I appreciate your litany of what you're attempting to do, but one seems more incredible than the other.

What I see is a company not prepared to address a worst case scenario, but a company that is flailing around trying whatever they think of next.

I think it's pretty reasonable to understand that $75 million is not going to reach the amount that is going to be conducted in damages here.

Right now, fisherman, hotel owners and other people dependent on clean water and clean shorelines for their livelihood are collectively holding their breath.

So we have multiple redundancies. It's not just a singular thing that's going to work to create the safety. Multiple redundancies.

the Chairman is absolutely right. As a matter of fact, when I made that comment that we were going to have a tsunami of foreclosures, the administration witnesses at the time--the previous administration, of course--said, with all due…

I think we need to be 100 percent clear about one thing; that is, we need to pass a consumer protection bill-- not a Wall Street protection bill--with a strong independent agency that can aggressively defend families in all sectors of the…

I wish they had been right and we had been wrong. But I think the chairman hits it right on point. In the context of the rating agencies, they were playing coach and referee. When you are playing coach and referee, somehow the game does…

I come to the floor this afternoon to talk about the bill before us. I commend my colleague, the chairman of the Senate Banking Committee, Senator Dodd, for his leadership on this crucial reform. I want to start off by reiterating what I…