Chuck Schumer actually said...

"If you saw yesterday's newspaper, the administration, correctly, doesn't want to reduce antiterrorism efforts in the Justice Department, but that squeezes new needs, such as financial investigators."

"Millions of Americans will live with reduced retirement incomes and higher taxes for many years as a result of misbehavior in our financial firms, failed oversight by boards of directors, and ineffect..."

"What we need is an analysis to determine how we can effectively and efficiently promote honesty and transparency in our markets and ensure that criminality is not tolerated."

"The problems also did not arise because of 'outdated laws from the 1930s' or, except in limited circumstances, from 'gaps' in statutory authority in the banking or securities sectors."