Chuck Schumer actually said...

"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."

"Many on Wall Street have argued that there is no criminality in this financial crisis, merely a collective delirium brought about by soaring profits and mistaken assumptions about risks."

"Without successful investigation, prosecution, and meaningful punishment, deterrence is an illusion."

"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."