Chuck Schumer actually said...

"I have called this hearing to explore another key aspect of such reforms, the regulation of hedge funds and other private investment pools."

"The current financial crisis has reinvigorated my long-held concern that the regulation of hedge funds and other pooled investment vehicles should be improved."

"Shouldn't private investment funds be required to disclose information to the SEC for the purpose of investigating and enforcing antifraud rules?"

"We applaud Senator Charles Schumer and Congressman Rush Holt for their leadership in introducing these bills."