Jack Reed actually said...

"Let me commend you on that, because as you understood--as we understood--trying to sort out the lines and create different agencies, to do different things--what we tried to do is basically take the e..."

"We certainly owe, as a minimum, fair dealing in the marketplace."

"Is not the solution--at least in concept--to require the school, who is the intermediary, to act as a fiduciary for the student, that----"

"I think in the comments, some of these choices are harder than others, it seems, on campus."