Joseph Morelle actually said...

"Many students attending for-profit colleges are working adults with families, often living paycheck to paycheck."

"Thank you, Mr. Chairman, and thank you for holding this important hearing."

"I find that troubling. Someone-- I dealt with letters of credit, insurance and collateral as a chairman of the Insurance committee in the New York State Assembly, and find this, frankly, if it is true..."

"I would like--I appreciate that, and obviously, what I would like to know in addition to that is if there was no letter of credit, what steps you would take to make sure that the liabilities were cove..."