In many respects, shareholders are the least powerful people in corporations, and they are, according to corporate law--and I will defer to Mr. Pitt and others.

effectively without this majority--without the ability to nominate directors and then without the ability to insist they at least get a majority vote, the leverage of shareholders is diminished.

Earlier this year, I introduced legislation to strengthen the outdated Federal Information Security Management Act.

the issue of cybersecurity is not a partisan one and I am glad that the chairman agrees with that.

I deeply appreciate the time and attention you and this committee have paid to this issue.

It raises the question, do you believe, not just FDIC but in other supervised entities, big as well as small banks, there will be adequate capital measures?

The foreclosure backlog is really inhibiting not only the banking industry, but overall economic growth.

Is this now the time for additional stress tests of our banks and major European banks to determine the exposure if a larger Euro economy or other economy defaulted?

Thank you very much, Mr. Chairman, and let me commend you, Chairman Bair, for your extraordinary service----

the idea of coordinating as much as we can imagine, a unified set of rules that apply to the SEC-regulated entities.

I worry about that because my view is that the founders put the jury in the Constitution and in the Bill of Rights in three separate places for a reason.

it is starting to seem a little bit as if a similar two-word prophecy could be applied to the United States Supreme Court's decisions, and that would be 'corporation wins.'

I think, you know, the challenge we gave to regulators was come up with an appropriate balanced mechanism that exempts certain loans from the requirement to hold.

In general, more, and in general, if the entities are too big to fail, they should be smaller.

Of course, the other concern is if you do not have any of these rules of the road, you get exactly what we had, which was gaming, no money down, great products, et cetera.

And you have an account that allows you to pay the scientists and the folks who are doing the work in the meantime so that they are not carrying the cost of the government study?

Thank you, Chairman.

Senator Vitter was very eloquent a little while ago on how far behind we are on the stock assessments.