Chuck Schumer actually said...

"A Financial Consumer Product Safety Commission is essential. The Fed failed significantly in this responsibility."

"On the systemic risk regulator, we need one, there is no question, and the old way is certainly bad."

"I do believe it will close many of the most important regulatory gaps in our system."

"Our bill is a balanced bill, and we need you to get on board as quickly as possible, and we are willing to make changes."