Chuck Schumer actually said...

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

"First and foremost, we need someone looking at the whole economy for the next big problem with the authority to do something about it."

"Taxpayers had no choice but to step in--and that is my strong view--assuming billions of risk and saved companies because our system was not set up to withstand their failure."

"Wall Street's failures have hit Main Street, as we all know, across our Nation, and it will take years, perhaps decades, to undo the damage that a stronger regulatory system I think could have prevent..."