Jack Reed actually said...

"Am I glad that we had to spend this money? No. Do I share the anger and frustration that many Americans felt and continue to feel that Wall Street greed and regulatory neglect left taxpayers on the ho..."

"We need to take action to restore Americans' confidence--and their financial security--by reforming a regulatory system that still contains far too many gaps, loopholes, and redundancies."

"It might be sort of urban folklore, but it is a very powerful one."

"We fought to ensure that if ordinary Americans who had done nothing wrong were going to pay for this stabilization effort, they would get to share in the benefits if companies became more profitable."