Jeff Merkley actually said...

"the reason those predatory practices were not ended is they were at the Federal Reserve"

"Certainly that was the discussion that was taking place among those of us who were immersed in trying to get rid of the liar loans, was that you would have a safe harbor."

"I believe that earlier in the year you called for a surcharge, which we might call an anti-bailout equity buffer, of as much as 7 percent."

"One of the advantages, of course, of preemption is you create this consistent playing field across the country."