Jack Reed actually said...

"I think some of the problems with the Basel II, particularly, were the ability to rely exclusively on credit ratings for securitized products."

"one out of ten homes are either in foreclosure or 90-days delinquent, and that saps not only the energy from the economy"

"We are in the midst of this great residential and it goes right to the core of economic confidence and ultimately consumer demand."

"until I think you make it clear that this is an important objective, we will get a lot of motion and not a lot of results."