Jack Reed actually said...

"But, it just strikes me that this is a cost to our land forces who are engaged in Afghanistan and Iraq, that some of the skills that they would need for non-counterinsurgency are not being exercised a..."

"I think the hearing has indicated that you gentlemen and the regulators have a lot of work to do, and we have got a lot of work to do."

"Markets Crash, Close, May Not Open, which might be a self-fulfilling prophecy."

"Based on that, and again, I want your comments, is that you cannot assure us that this problem would have been self-correcting given the market mechanism in place, is that a fair judgment?"