Jack Reed actually said...

Let me talk to Mr. Cole. As the umbrella regulator of several large financial institutions, do you feel that you are responsible, the Federal Reserve is responsible for the overall capacity of that institution as an enterprise to evaluate risk?

03/17/2009

https://www.congress.gov...

More Jack Reed Quotes

"I do not think many people at all have been held accountable for what is going on."
"the taxpayer had to step in because there wasn't enough capital in the private sector to cover the risks"
"We do not want to subsidize the risk. We do not want the bailout."
"Second."

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