Jack Reed actually said...

You say that the biggest fault of OTS was not recognizing the magnitude of the situation developing with respect to credit default swaps.

Senator Reed questions the OTS's failure to grasp the credit default swaps issue.

03/04/2009

More Jack Reed Quotes

Well, please keep us advised of that because it is--you know, it is a short horizon before you are in, so it is a significant issue.

One of the issues we hear consistently is the inability to hire qualified personnel throughout the economy of the United States.

And what resources or other support do you believe you need in order to correct these factors long term? And is it reflected in this budget?

Now, are there any issues regarding contracting? Because I would presume that you would have to engage contractors, subcontractors, etcetera...