Chuck Schumer actually said...

"For myself, I feel strongly that an independent consumer regulatory agency can only work if these three problems are solved."

"I have expressed publicly my admiration for the job that Ben Bernanke has done in managing this crisis with Secretary Geithner and others."

"We cannot have a safe and sound financial regulatory system that does not protect the consumer, particularly the unsophisticated."

"I believe critics are justifiably concerned that the new agency would at the end of the day be all about examining and regulating banking organizations."