Chuck Schumer actually said...

"I am proposing, in addition to Senator Reed's bill and the Administration's proposal, that for every ten rated products, the SEC would randomly assign a different rating agency."

"I urge the Congress not to create a 'too-big-to-fail' category of financial institutions, directly or indirectly, either through the regulatory mechanism or by rule."

"Mr. Chairman, I am deeply grateful."

"A lot of the biggest failures were under not Mr. Bowman, I don't blame him, but his predecessor's watch."