We were concerned with the fact that 100 percent pay-off on the counterparties with AIG, no haircut taken.

I think the Chairman has raised a good point about perhaps an ombudsman, some kind of appeals or process so that if you cannot get answers, a Web site alone may not be enough.

I have to tell you, folks in my State... would call, and they would then get a basic response that said, 'Well, thanks, but we do not have any of the details ready.'

I would love to know how many of those offers have been accepted.

I am just afraid that we may have, in a sense, a false sense of progress because there are people in arrears.

As we think about a repayment pattern from the financial institutions that receive TARP funds, we know they want to pay back these dollars.

if I would have ever thought in my business life that I would see a group of Senators trying to micro-manage the workings of American industry like GM and Chrysler, I would have said, 'It never could happen.'

I want to follow up on Senator Brownback's comments, and one, echoing my other colleagues' concerns about the real human effects these decisions have had upon your dealer networks and their employees and families across the country.

I respect the Federal Reserve's various efforts to stabilize the current crisis.

Chairman Bernanke, would you agree that the municipal credit market is still in distress?

There is, however, one critical area in which I believe the Fed has failed to act--the municipal bond market.

But wouldn't putting a cap on greenhouse gas emissions raise the cost of a wide variety of energy sources?

I think the answer is that it does violate the terms of that Act. I think an automaker by anyone's estimation is not a financial institution.

Quite frankly, I did not support the bailouts last year.

I hope that it has been timely, given the rush of events that we have here.

If we do not want to see this economy contract further, we need to help municipalities and States access credit.

I would hope that this committee would act to intervene to help municipalities in a time of need.

The Social Darwinism espoused there would basically throw municipalities and States in the United States into the ditch.