Jack Reed actually said...

"I would argue, you have more authority, more influence, and more impact on every phase of the economic policy of the United States than any one of these other individuals?"

"I would suggest the very definition of regulatory capture is when the regulated entities choose the person to regulate them."

"I think it goes to the very essence of what we are talking about here today and what I commend you for trying to change, which is the culture of the Federal Reserve Bank of New York."

"I just do not think that makes sense."