"So this week Senator Durbin and I plan to introduce legislation to create a new regulator to provide consumers with stronger protection."
"the time is right for a financial services regulator with consumer focus."
"the greatest challenge President Obama has after he gets us out of this financial mess is to figure out how we get back to those traditional values."
"How would you propose it be funded? Should there be some kind of user fee, whether on the lender or the borrower?"
"But the deceptive practices, the predatory practices, we have seen them in the mortgage industry."
"we became a country that consumed more than we produced, borrowed more than we saved, and imported more than we exported."
"the proposal that Senator Durbin and I are making is one part of that, but there are lots of other parts."
"I am very grateful to have a partner in this in Senator Shelby."
"I really would say that your program is going to have a significant and deep effect on housing markets, improving them, and that can reverberate throughout the whole economy."
"When a country, year after year, consumes more than it produces, imports more than it exports, borrows more than it saves, the chickens always come home to roost."
"But if it goes to two-thirds, shouldn't that be a real change in the housing markets and rates of foreclosure, and even shouldn't it help us find a floor?"