We would be delighted if the Congress would pass a substantial resolution regime that would create a set of rules and expectations for how you deal with a firm of this type that is failing and leave the central bank out of it entirely.

There is no commitment by any means to never shut down a big bank. Absolutely not.

The worst thing that could happen is if we don't get cooperation from Europe, from Asia.

I do want to join with my other colleagues and commend the crew.

I'm here today to point out the fact that this is not bipartisanship. This process that is -- we're engaging in is not smart, we're not working together.

The battlefield--there are physical battlefields, certainly, in Afghanistan, but there are battlefields, potentially, you know, in our Nation.

No one is being arbitrarily held based on just suspicion or emotion but based on evidence and a legal process.

There is a physical high ground in traditional war, but in this war there is the moral high ground.

Under law of armed conflict, as I understand it, and under the Geneva Convention, Article 5 says that if there is a dispute about status, what you are entitled to is an independent, neutral decisionmaker.

You cannot detain someone indefinitely under criminal law. They have to have a trial.

I think you would be very qualified for your job.

So America needs to get ready for this proposition that some people are going to be detained as enemy combatants, not criminals.

OK. Let me read from Mr. Holder here. Would you consider him your boss?

It has to have substantial due process.

It should have an independent judiciary involved in making that decision beyond the executive branch.

Some of these people are going to be held maybe for the rest of their life, but it will be based on our values, not theirs.

Do you believe we are at war?

I appreciate you being here today. On a day when we passed a $1 trillion stimulus and you announced another $1 or $2 trillion for a financial bailout, the stock market is down nearly 400 points.