How can you be confident about the stability of these financial institutions without re-running the stress tests?
You designed it around servicers who--I wrote it down when you said it. Servicers have done a terrible job.
Do you have any concerns about what this means? Now we are doing commercial real estate. Now we are moving on to second mortgages?
The question is HAMP is designed to deal with families facing foreclosure.
Is that a successful program?
I have been calling for this for a while--is the creation of a homeowners advocate within the Treasury.
You set aside $50 billion and what do you have to show for it?
We must also evaluate whether Treasury has diligently measured the impact of its efforts, using credible metrics to measure the success or t...
What is the metric for success?
It seems clear that these efforts have had an important impact: markets have calmed greatly since the turbulent fall of 2008.
What I am hearing you say is, no reason to change anything. We will stay steady on the same course.
I have a feeling I am going to hear the same answer, but let me just try it again with second liens.
I think your point about the accomplishments of TARP are quite significant and your emphasis on the importance of a stable, functional finan...
The financial problems of these banks are straining their ability to lend to small businesses that might otherwise be driving the economic r...
Our latest reports have covered a great deal of territory from the Government's interventions in specific companies such as GMAC and AIG.
I am sorry, Mr. Secretary. Just so we are all clear on this, the numbers about concentrations of commercial real estate come from the banks'...
Fannie and Freddie are pushing mortgages back to these large financial institutions because they say that the mortgages that were sold to Fa...
This hearing of the Congressional Oversight Panel is called to order.
