Chuck Schumer actually said...

"I thank you and congratulate you, Chairman Reed, for putting together an excellent panel."

"First, we require all public companies hold an advisory shareholder vote on executive compensation and obtain shareholder approval for golden parachutes."

"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."

"I share my colleagues' concerns about giving the Fed additional authority to regulate systemic risk."