Jack Reed actually said...

Well, thank you very much, Mr. Chairman. Thank you, gentlemen, for your excellent testimony.

I think one of the aspects of this crisis was the huge cost to taxpayers which may have been mitigated or avoided with better regulation.

But that would be very disturbing if, in fact, market information was much different than what regulators had.

I want to commend Mr. D'Agostino for his outstanding service in the United States Navy.