Bob Corker actually said...

"I think the more the Fed throws itself in the middle of things that are outside the categories that it is charged to do, the chances are--maybe not you but the next person down the road--the Fed's ind..."

"The financial crisis was the product of fundamental weaknesses in both private market discipline and government supervision and regulation of financial institutions."

"On the mortgage-backed securities, we have a longstanding authorization to do that. I do not think there is any legal issue."

"I am going to spend most of my time today trying to understand more on a go-forward basis what needs to happen from a regulatory process."