Chuck Schumer actually said...

"Eight years of the Bush Administration's one-sided, laissez-faire, deregulatory ideology have helped cripple our financial system."

"I think we all have an interest in maintaining the independence of the standard setters."

"Well, to clarify, my view would be to go back to the investor-paid initially."

"How in this international financial world, with a national system of regulation, don't you always flee--doesn't money always flee to the lowest common denominator?"