Jack Reed actually said...

"In our judgment, the credit rating agencies shouldn't be able to opt out of having high standards and a level playing field."

"Thank you very much, Mr. Chairman."

"Should we have this agency dedicated funding, not through the appropriations process?"

"Today's hearing addresses a critical part of this Committee's work to modernize the financial regulatory system--strengthening regulatory oversight of the safety and soundness of banks, thrifts, and h..."