Jack Reed actually said...

We have also examined problems that resulted from regulators simply failing to use the authority they had.

This Subcommittee has held several hearings in recent months to focus on gaps in our financial regulatory system.

Today's hearing will focus on corporate boardrooms and try to help us better understand the misaligned incentives.

As the President's plan evolves, if it is not modified, the Federal Reserve essentially would be the direct regulator of most of the major f...