I personally understand this issue because I grew up in an unbanked family.

The government can provide various incentives, encouragements, to banks to do what in many cases is really in their own interest.

I agree with you about remittances. That has been an interest of mine for some time.

It is my belief that if we had not acted, if Congress had not supported our actions to stabilize the system...

I think that is the first best way to try to address bubbles.

We do not want any more AIGs. We do not want any more Lehman Brothers.

It is imperative, the most important thing that Congress can do is find a way to solve the 'too big to fail' problem.

countries that have independent central banks, that make monetary policy without political intervention, have lower inflation, lower interest rates, and better performance

Well, it is technically a recovery in that it is growing and that we are no longer declining, but it is certainly not a satisfactory situation since we have a 10-percent unemployment rate.

I think it is very appropriate to begin winding it down.

I do agree with that. Fannie Mae and Freddie Mac are particular problems and issues have to be addressed.

I think the institution with the most experience in these kinds of resolutions is the FDIC.

If there is not credit, then that affects the ability of people to buy autos and other goods and services.

Until we restore employment across the country, we have not brought back the economy.

Those are the programs which are growing. At the rate we are going, in about 15 years the entire Federal budget will be entitlements and interest.

My concern is that, as you mentioned, Senator, the Fed's credibility depends on the market's perception that we are independent in making monetary policy decisions and we will not be influenced by short-term political considerations.

The buck stops here, we are responsible for that and we are, if anything, continuing to strengthen, centralize, and continuing to work to make sure that that supervision is as strong as possible.

As severe as the effects of the financial crisis have been, however, the outcome could have been markedly worse without the strong actions taken by the Congress, the Treasury Department, the Federal Reserve, the Federal Deposit Insurance…