Jack Reed actually said...

"effectively without this majority--without the ability to nominate directors and then without the ability to insist they at least get a majority vote, the leverage of shareholders is diminished."

"In many respects, shareholders are the least powerful people in corporations, and they are, according to corporate law--and I will defer to Mr. Pitt and others."

"I think this issue of sort of, well, if they do not have appropriate oversight by the appropriators, they just will not be accountable to the American people defies the financial system we have in pla..."

"Thank you very much, Mr. Chairman, and let me commend you, Chairman Bair, for your extraordinary service----"