Yes, but they are at the trough every time they have a problem, whether they are a finance company or whether they are an insurance company, whether they are an auto company.

In general, pay should promote good long-term performance, and shareholders must share in the gain, not just executives and traders.

While we may be able to make some reforms that will promote good long-term performance and responsible behavior, we will not, I say, be able to prevent bad decisions or failures.

This is not a discussion between--we have to ask the questions.

I want to know what each of you think of that approach, of a mandatory opt in or opt out vote every few years to decide certain matters.

By the time the second year came around, maybe the company would be in Chapter 11.

The fact that if I live in Kentucky, where I live, you want me to come in and say, the Federal Government should make the rules for every company in Kentucky.

After all, we cannot legislate good judgment or ethics. And we already have the ultimate form of accountability through bankruptcy.

Of all the proposals we have seen, the one outlined in Chairman Bair's testimony today makes the most sense so far.

I doubt we can create a regulator that will be able to see and stop systemic risk.

The Fed needs to be reformed so it can get monetary policy right and not create future bubbles through easy money.

I do not think we can create a new regulator that will be able to outsmart Wall Street and prevent future financial failures.