I think 'zombie' was not an appropriate description for any of the banks.

Well, if they were all tied to the stock market, that would certainly be a problem, right.

We need to think hard going forward how we are going to address that problem, but right now, we are in the middle of the crisis.

If unemployment benefits are not distributed to the unemployed, then obviously they won't spend them and it won't have that particular element of stimulus.

Well, I do support the separation of banking and commerce.

If we hadn't had the TARP money in October, we would have had a global banking crisis.

You do not create a market by Government action or Government regulation.

But I do believe that our major banks have significant franchise values.

we want to keep the option open to buy Treasury securities if we think that is the best way to improve the functioning or reduce interest rates in private markets.

The Congress needs, in my opinion, to set forward a much more elaborate version of FDICIA.

Call it public-private partnership. It is not nationalization because the banks will not be wholly owned

I think a complete recovery would require a global recovery and that would require----

We are committed to ensuring the viability of all the major financial institutions.

It would reduce the stimulus effect of the package, yes.

I do believe that once the economy begins to recover, we will see improvements in financial markets.

We are going to be very tough on them to make sure... they take whatever drastic steps are necessary to restore themselves to profitability.

I think we want to get as much certainty about the policy going forward so people understand the rules.

The purpose of these tests is to try to assess how much additional capital and what kind of capital they need so they will be able to lend and support the economy even in a situation worse than we currently expect.