Jack Reed actually said...

"Are we making progress on that front? Is there something that we have to do either with carrots or sticks?"

"Thank you, Mr. Secretary, not only for your testimony but for your leadership."

"I would urge other financial institutions to do the same thing, to give us a chance."

"We took the approach that unless we stabilize the entire system, put a floor in, and then begin to see them sort of work out their problems, we were going to collapse."