Chuck Schumer actually said...

"Regulation must strike a delicate balance--providing a sense of safety and security for investors, without snuffing out the flame of entrepreneurial vigor and financial innovation that drives economic..."

"If we miss the moment, we will find ourselves in a deeper hole for a good many years to come."

"I think there is a willingness and an understanding that we have to move."

"I am not so worried--I mean, although the details, look how long it took to get some agreement on Basel and the capital accords."