Chuck Schumer actually said...

"Another thing that the TARP has accomplished is covering up the egregious failures of our banking regulators over the past decade."

"I believe that had the Treasury... exercised different judgment and proceeded in a more deliberative and measured manner, the most severe aspects of this financial crisis could very well likely have b..."

"I fear this situation sets the stage for the creation of the American version of the zombie banks that were a principal cause of Japan's so-called lost decade."

"With that in mind, I will view with great skepticism any move to give the Fed expanded authority."