Mark Warner actually said...

"I thank you and Senator Shelby for having this hearing."

"The legislative language I think has to be pretty clear, to tell the supervisors that if somebody is getting around the obvious intent of the rule, the supervisor can do something about it."

"Most of the initial folks who got us into this downward spiral were not the commercial banks but were investment banks."

"If they wanted to retain the banking license, they would have to live within the rules of a bank."