Jack Reed actually said...

There is no doubt that the SEC has many more tools given to it by Dodd-Frank to regulate the institutions.

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.

I helped contribute to that along with many of my colleagues here in terms of the 2008 legislation.

One of the issues we all seem to focus on is the flood mapping, which I would like to probe a bit further.