Chuck Schumer

Wall Street's failures have hit Main Street, as we all know, across our Nation, and it will take years, perhaps decades, to undo the damage that a stronger regulatory system I think could have prevented.

I share my colleagues' concerns about giving the Fed additional authority to regulate systemic risk.

It is clear to me that Congress must do more to help struggling American homeowners.

And on that optimistic note, we will thank our witnesses and call the hearing to a close.

We do not intend that to happen.

Well, I want to thank you, Luis Gutierrez. You are an inspiration in terms of all you have done, and your passion, but also your intelligence and your practicality, realizing how we can get this done.

Employers right now, there's a perception that E-Verify does not work.

I think comprehensive reform which includes some changes in the verification process is going to be necessary.

Yes, we can do this.

The American people will not accept any legalization of those currently in the United States illegally unless and until they're convinced that the government is very seriously committed to preventing future waves of illegal immigration.

I articulated principles for immigration reform that I believe can pass through Congress with bipartisan support.

Can I ask a question? What percentage of the American people have a passport with a picture? I think it's only like 10 percent.

Obviously the devil is in the details in getting them all done, but I agree with your comments...

Thank you, Mr. Aytes.

Employment verification systems that require employers to make subjective determinations about an employee's identity or legal status are bound to fail.

We can only prevent illegal immigrants from working in the United States if we create a tough, fair, and effective employment verification system that holds employers accountable for knowingly hiring illegal workers.

The Administration and Congress should, I believe, immediately move away from our decades of misguided trade policies and demand trade agreements that have meaningful labor and environmental standards and forbid illegal subsidies and…

Challenging China over its unfair trade practices is not just necessary for the future of U.S. manufacturing jobs, however--it is also critical for the world economy.

We need a fundamental reexamination of our relationship with China.

Nobody wins when a home is foreclosed upon.

I find this a despicable practice and I have gone after the people who do it.

It's the loss of a home. It's the anguish of having to uproot your family.

Nobody wins, obviously, when a bank has to sell a house at auction for less than it would get it if simply were refinanced.

Foreclosure is not an abstract concept. It is a very real pain for American families.

Most people in foreclosures work hard and play by the rules.