Jack Reed actually said...

"Thinking back to the LIBOR crisis, it was not expert, it was self-interest that caused the deviations from what everyone thought was a completely interest-free measure."

"This is a very important topic."

"So essentially one of the goals would be to maintain a constant, in parentheses, rate, one that a borrower expected to have throughout the course of the contract."

"I have great confidence in you. I was very pleased to support you, and you are doing, I think, remarkable work to protect consumers throughout the country."