One other way, I think, that would link operating assistance would be to those systems that are environmentally advanced.

Thank you for holding this important hearing as we begin the process of reauthorizing our nation's surface transportation policy.

I would just urge you to take another look at that during authorization.

We have to take strides in this nation to make sure that our big cities--can avoid that to the greatest extent possible.

I think all the questions so far have suggested that we are on the verge of a significant change in the way we fund transit projects and transportation projects.

I think we need a new, more stable funding mechanism for transit across the country.

It seems to be absolutely counterintuitive.

First of all, let me thank you, Chairman, for holding this hearing. This is a very important piece of legislation of those who have lived through it.

I want to thank Professor Coffee for his kind words about our credit rating legislation.

this omnibus we are debating contains an additional $38 million for the Securities and Exchange Commission and the proposed budget of the President is around a 13 percent increase over the 2008 marks going forward.

I share your concerns about Basel II. I think that is clearly part of the causal fabric here for our crisis.

initiated a review of the Government's overall cybersecurity strategy and supporting activities.

the improvements be considered by the new administration as it begins to make decisions on our Nation's cybersecurity strategy.

the CSIS Commission on Cybersecurity for the 44th Presidency.

the adequacy of the strategy and identify areas for improvement.

The Fed does not have the authority to simply expend taxpayer dollars.

Mr. Chairman, I am very interested in hearing the witnesses assembled. We have an impressive panel.

I am alarmed, because if the Fed has that position, it seems to contradict exactly what Mr. Polakoff said he did.