MONDAY "Doing a study on it is just an absolute dodging of the issue. … We can't get an agreement, we think this might be an important issue, so we'll do a study, and we'll talk about the study when it comes out. It just kicks it down the road for a little bit longer."
— Mark Calabria, director of financial regulation studies for the Cato Institute, commenting on how more than two dozen studies found their way into Senate Banking Committee Chairman Chris Dodd's 1,300-plus-page regulatory reform bill. TUESDAY "Issuing banks would call up their guy, and he'd say, ' Buy some of this different CDO.' "