Jack Reed

I hope you can formally endorse our proposal.

I would argue, you have more authority, more influence, and more impact on every phase of the economic policy of the United States than any one of these other individuals?

I think it goes to the very essence of what we are talking about here today and what I commend you for trying to change, which is the culture of the Federal Reserve Bank of New York.

I would suggest the very definition of regulatory capture is when the regulated entities choose the person to regulate them.

Good fences make good neighbors.

I just do not think that makes sense.

I think that is appropriate and obvious.

Improvements in the supervisory framework will lead to better outcomes only if day-to-day supervision is well executed, with risks identified early and promptly remediated.

Our serious delinquency rate is eighth in the country.

I joined 32 of my colleagues writing a letter to you asking you to go ahead and begin payments back into the funds.

Do you think we should broaden the rules so that we actually protect service men and women?

I have been very active in trying to ensure that the Military Lending Act truly protects our soldiers, sailors, airmen and Marines.

I presume one of the areas you are really looking at is these capable Iraqis who can communicate and coordinate on the ground, their special forces particularly.

One of the presumptions would be, because we are using air power, that there is sufficient capacity in the Iraqi forces to coordinate that air power on the ground?

Thank you very much.

Again, in the spirit of our response to the crisis in 2007 and 2008, we are looking at systemic issues.

I recently wrote to Chairwoman Yellen to urge that she consider getting this money out to funds in the States, in our case, the hardest-hit fund in Rhode Island that has had demonstrable success in preventing foreclosure and helping…

You have both the opportunity and obligation to get that money out as quickly as possible to the States.

I would hope that he would do so because to send people back to this, literally, danger would be I think inappropriate.

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 existing structure and make it cooperate…

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

I suggest we all have to move faster.

It is absolutely the case, Senator.

Can you give us the assurance that these derivatives rules are at the very top of your list to get done very quickly?

I am appalled by the ethical environment of an industry that would thumb its nose at the Government that rescued it a mere 5 years ago.