I think living wills, while they are not a panacea, can be a useful adjunct to supervision.
Some of the steps we have taken, like the AIG episode, for example, obviously have hurt the Fed a lot politically.
I think there is an appropriate division of labor: Congress and the administration, fiscal policy; Federal Reserve, monetary policy.
I thank you for the opportunity to appear before you today.
The belief by market participants that some firms may be too big to fail has many undesirable effects.
We were told if we did not appropriate nearly $1 trillion to buy toxic assets, the worldwide economic system was likely to collapse.
There is no reason that independence needs to mean secrecy.
How can unionization and collective bargaining enhance security at our airports?
I was disappointed to hear this morning that you had decided to agree to a collective bargaining agreement with the TSA Screeners, overturni...
Well, do you think an outside agency or group is needed at this point to help establish work requirements?
It's easier for us, as a Congress, to start a new agency than to try to get another one to change.
Do you believe the current labor policies of your agency adequately protects the rights and interests of TSA workers?
One of the reasons they've been able to seize power and influence is they can provide services the Afghan Government is unable to provide.
I believe it would be a 9 or 10, not just because I believe al Qaeda would move back in, but also because I believe regional instability as ...
I believe that it is.
So in the next 18 months, to roll them back we're going to put combat power in that we've never had, right?
It is sad. It would have been sad to have lost in Iraq. It would have been devastating.
This is the last best chance America has to get it right in Afghanistan.
