Chuck Schumer actually said...

"It is amazing to me that people say we don't need stronger regulation given that that has happened."

"Isn't another reason to have this financial product regulator... a way when the next new innovation comes up that there won't be a hole in the regulatory structure?"

"We need a system that rewards products and firms that create wealth for American families, not one that rewards financial engineering."

"I am very much for a Consumer Financial Protection Agency."