Mark Warner actually said...

"I share the overwhelming view of the panel that systemic risk ought to not be placed with the Fed and ought to be empowered with a new independent council that includes the Fed."

"I strongly, as I made clear, believe that the council is the right approach."

"We do not have a bill ready at all. There has been a lot of talk at this point."

"I hope this Committee will have a chance to examine some of our past policies where we encouraged folks to get into homes with no documentation, no money down, no equity involved, no skin in the game,..."