Chuck Schumer actually said...

"To ensure that owners of U.S. companies face no needless delays over the effective date of this critical reform, the council recommends congressional affirmation of the SEC's authority."

"I do not have much time, and I cannot stay for a second round."

"What Senator Schumer in his bill prescribes, however, is not appropriate, and that is that you create a separate committee to do that."

"It is clear to me that Congress must do more to help struggling American homeowners."