Chuck Schumer actually said...

"It is just astounding. I mean, this was not just a mistake."

"Again, you do not have to be Albert Einstein to figure out you ought to get some third-party verification and not accept the potential defrauder at their word."

"What do you think of the proposal, all three of you, that I made, which is that the SEC should be able to use the fees that it gets?"

"The SEC clearly needs more resources, but it is only one of two financial regulators that must go begging to Congress every year for appropriations."