Jack Reed actually said...

"I have consistently fought to give the SEC the robust resources and authority it needs to aggressively fight fraud and other abuses in the securities markets."

"I hope today's hearing helps us to continue to identify the underlying issues and problems at the agency that led to this preventable travesty."

"I particularly want to commend Senator Shelby because it was his leadership really in 2006 that first gave the SEC the clear authority to begin to regulate the credit rating agencies."

"I think this was something that we should pursue."