If we need the expertise that comes from having been in these sophisticated transactions in order to understand and regulate them, how do you pull people--would you be able to recruit the expertise needed if you had a 3-year restriction on…

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.

I think it is something that may help explain some of the cultural issues that seem to be coming up time and time again.

But, more fundamentally, is there a revolving door policy that bans people who have worked as regulators from then going back to work on Wall Street?

I wanted to go back to the challenge of regulatory capture.

we were in the middle of a tremendous economic collapse

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

Does this not indicate you are just asleep at the switch?

There is something fundamentally wrong with it, apart from safety and soundness, which is essentially a monopoly control or influence that raises the price of the end product.

Thank you for your service as Chairman of this Banking Committee. It has been a pleasure to serve on it.

Are you willing to aggressively pursue a model which would be fundamentally fair to homeowners?

I encourage you to put pedal to the metal in that regard.

Is it from the damage from carbon pollution to our farming, fishing, and forests? That doesn't meet the test. Frankly, tackling carbon pollution is going to take an enormous amount of international cooperation. Just a few days ago the…

I am not quite persuaded of that, but thank you for pursuing it, because a lot of people would be more fairly treated with an appropriate credit model.

I rise to address S. 2280, which would approve construction of the Keystone Pipeline to transport tar sands heavy oil from Canada to the gulf coast. The key consideration is whether this bill--by authorizing the pipeline--would contribute…

I ask unanimous consent for a minute and a half more. The PRESIDING OFFICER. Without objection, it is so ordered.

I am not satisfied yet that homeowners have gotten a fair shake when we have been through this time and time again.

We can do better than this, and you have given us some great ideas to work with.

refinancing student debt should be a no-brainer.

we are making it far more expensive to get that education.

This trend of increasing inequality is diminishing not only our economic strength but also our working families' trust in our political system.

Let me also ask that the record remain open for 1 week for additional statements and questions from Members.

the only reason that we do not do that and that that kind of reform cannot come through the Senate at this moment is the money in politics problem.

we had generals and admirals who were coming to Congress and saying these payday loans are destroying our military families and that is unacceptable.

So one idea we have been pursuing--and Senator Warren has been in the forefront of this--is enabling folks to refinance their higher-interest loans to a lower interest.