I think if we do not take action the judgment of history will be extremely harsh.

I cannot think of an area in my personal life where I would refuse to act until 100 percent certainty was achieved.

I believe that Director is appointed for a term of 5 years.

I think we are all focused on finding the best way to maintain higher levels of common equity.

I want to thank you all for excellent testimony, thought provoking, and also for your advancing this issue.

I don't sense there is a mutually exclusive sort of agenda here.

I personally think it is an affirmative good.

I think it is important for us to foster within the government but also outside of the government the ability of multiple agents to make a judgment on this.

Thank you for your leadership on this and so many other issues involved in banking and other challenges facing the country.

We need better data. We need better analysis.

If we don't achieve it in the next several months, the bubbles that might be out there percolating... will once again catch us by surprise.

if you do not have an authoritative institution supported by data doing that, then the problem I think you will have is that the next time it will be something different.

too big to fail is the first chapter, but the second chapter is too interconnected to fail.

I want to welcome Governor Tarullo also. I want to thank you for holding this hearing at the suggestion of Senator Corker.

I think it is important that we begin here.

They have proven that the last few months rather aggressively.

Last, I just want to say how pleased we are that we learned last week that Senator Reed introduced S. 3005, the National Institute of Finance Act of 2010.

it needs to have absolute credibility.