last year's funding was disgraceful, at $772 million.

the National Institutes of Health are the crown jewels of the Federal Government--perhaps the only jewels.

You've got a great case, but it hasn't been expressed very well.

The economy is growing, which is a dramatic change from a year ago or less.

I just want to clarify on the new fund you would create with $30 billion of TARP money; you are talking about using those resources to get to community banks so they can loan to small businesses in their regions?

I don't think there is any question right now that we are recovering.

The unemployment situation is better than it has been, certainly better than a year ago.

Is it sufficient to impose a fine? Or what kind of a fine would be big enough to be punishment?

Did you start the prosecution before they made the disclosures?

I wrote to the President, too, in 1995 suggesting that he veto it.

Well, criminal penalty again, but I am asking about jail differentiated from fine, which is a criminal penalty.

Congress has the authority to define what investment advice is.

A criminal penalty could be fine or jail. I am asking you whether you think that it would be indispensable to move to jail as an effective deterrent.

The Judiciary Subcommittee on Criminal Law will now proceed with this hearing on the issues of alleged Wall Street fraud and what is the appropriate governmental response.

I was not putting Goldman in the question.

The Subcommittee would be interested in knowing about what prosecutions have been brought in the course of the past couple of years as we have seen evidence on Wall Street fraud.

will you join us in working to reform the criminal justice system so that it truly reflects the most basic of American values: equality and fairness?

the answer to 'will I join you', is of course I will.