Chuck Schumer

Gasoline is one of the few pressure points where, if we act unilaterally, we will have real effect on the Iranian economy.

Senator Schumer from New York has been incredibly helpful in helping us prepare for our 100th anniversary.

I cannot help but point out that we have calculated that an $8 trillion deficit differential arose under the administration of President Bush.

I know it to be the case, and thank you for saying it.

As I have said publicly, I think the FBI does a very good job and is light years better than they were on 9/10/2001.

I am going to ask the GAO to conduct a report on the hiring of cyber security experts, not just in the FBI but in other parts of the Government as well, so we can comprehensively identify any systemic deficiencies and work together to keep…

I want to urge you to continue the Joint Terrorism Task Forces, a very successful enterprise, and I would urge continued cooperation.

The raids were preventative, that no attacks were imminent.

You need to increase the bar and make it more expansive, give these guys more tools.

You know, this is just so confounding. You are saying your staff was competent. They have the tools.

I understand that you are doing everything in your power to put the SEC back on course and I thank you for it.

So you are saying that the basic system of incentives probably was not just neutral, but pushed people away from doing a thorough investigation.

But I think what they are saying here is you wouldn't call a hotline.

If they are so confident----

So you would support the proposal I made.

You did not have to have any training as an investigator to do the kinds of follow-up that might have revealed this.

Would you support the concept of the bill I plan to introduce that would result in millions more dollars in funding for the SEC?

I was still stunned by the details of your report.

What are you doing to deal with the issue that both the Inspector General and Mr. Markopolos had pointed out, to try to get into these sort of psychological barriers?

Just to reiterate, the kind of legislation I have introduced is really very much needed.

Do the top salaries have to be raised, or what you can pay for some certain key people have to be raised?

Yes, but it is not close to enough.

I helped get you that appropriation.

Are you able and willing to fire people who just are not up to the job?

It seems to me almost a certainty, given how bad things were with Madoff, that there are probably other Ponzi schemes.