Jeff Merkley actually said...

"You need to identify the specific assets, and you need to identify the specific risk that you are hedging."

"The question is: Is it going to be subsidized by taxpayer-insured deposits?"

"I suspect that the firm providing the services at the Statue of Liberty is submitting a contract proposal, often the low-cost proposal is chosen."

"Yes, and in some ways that is what this conversation is about because how do you define 'best value?'"