Jack Reed actually said...

"We have to contemplate, particularly after 2008, things that seem so far removed from the day-to-day practice."

"One of the issues that was also raised by Senator Shelby is that your testimony about 300 essentially situations where the sponsor of the fund stepped in and provided capital..."

"But here, again, I think Senator Shelby's comments go right to the heart of what our job is."

"So you could have essentially a system in which some are regulated and some are not."