You say that the biggest fault of OTS was not recognizing the magnitude of the situation developing with respect to credit default swaps.

It is distinctly in the public interest for this information to come out.

Looking back, do you believe it was prudent as a Nation to have run up, as I calculate it, the $7.7 trillion in debt during those 6 one-party years?

maximizing the effectiveness of competition

I am heartened that after 8 long years we finally have an administration that remembers that it reports to Main Street, not to Wall Street.

I think that point has to made over and over again, because frankly, people, they are struggling and they are doing their best.

Thank you very much, Mr. Secretary.

I think there is another message that has to be continually communicated, not just by yourself but by the President.

One of the fundamental aspects, I think, of our recovery is stabilizing housing prices and then beginning to get people to go back to work.

I think also the ability to react to the ups and downs of the market is going to be critical.

I think we were too, in a sense, beguiled by this notion that we could put everyone in a home.

I want to particularly thank you for is I heard today that within the President's proposal there will be a $1 billion fund to launch the Affordable Housing Trust Fund.

I think that is an unfair thing, it is so un-optimistic about America to cloak it in those terms.

I asked her, where was the minority report; she said there wasn't one.

We seem to have an inability here to grasp the obvious that people who are out there in the environment, working in the real world and the real environment see every single day.

The labor market is very weak but the declines might be tempered a bit because of the availability of extended unemployment benefits.

Many economists indicate that that is a very wise investment, since for every dollar of benefits, you get roughly $1.60 in GDP growth.

In fact, the Open Market Committee indicates that it could reach 9.2 percent in 2009 and 2010.