Chuck Schumer actually said...

"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."

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

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

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