Jeff Merkley actually said...

"I think it takes Congress to do something like that."

"People really respond to incentives, and so one of the problems of Government service in an agency like the Federal Reserve is frequently that you get paid by grade and time served and not by your per..."

"It seems to me on that third point that the best--the very good examiners are going to need that."

"I would rather see a class of professional regulators very well trained and very well incentivized to do that which is right rather than just be paid on time and grade."