Chuck Schumer actually said...

I can't believe that two full years after the first signs of this crisis were becoming plain for all to see, we are still sitting here talki...

Are the other banks sort of ignoring reality here?

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

it seems obvious to me that closer attention needs to be paid to these funds to avoid future Ponzi schemes