Chuck Schumer actually said...

"Absolutely."

"Criminals on Wall Street must be held to account; otherwise, one of the great foundations of this country--our capital markets--will simply fade away."

"For example, during the hearing, Senator Schumer pointed to the example of Wheatfield, NY, where FEMA recently removed hundreds of properties from the new maps after the town challenged the findings."

"I hope this Committee will study the work done by the Wharton School in this area."