It seems more appropriate, given the close relationship between the Federal and State governments, for that to be the locus of addressing th...
We are going to be very tough on them to make sure... they take whatever drastic steps are necessary to restore themselves to profitability.
We would be delighted if the Congress would pass a substantial resolution regime that would create a set of rules and expectations for how y...
The worst thing that could happen is if we don't get cooperation from Europe, from Asia.
It would reduce the stimulus effect of the package, yes.
I do believe that once the economy begins to recover, we will see improvements in financial markets.
Absolutely.
I think 'zombie' was not an appropriate description for any of the banks.
Well, if they were all tied to the stock market, that would certainly be a problem, right.
I think a complete recovery would require a global recovery and that would require----
Honestly, Senator, I think it is not up to me to make that judgment.
So the purpose of the test is to try to ensure that even in a bad scenario, banks will have enough capital.
We got involved in them, frankly, because there is no clear resolution authority, in the United States for dealing with systemically critica...
as we look at regulatory reform, we need to ask the question, are all the sectors of the economy that need oversight, are they being watched...
if we are going to have a strong recovery, it has to be on the back of a stabilization of the financial system
We need to think hard going forward how we are going to address that problem, but right now, we are in the middle of the crisis.
We are committed to ensuring the viability of all the major financial institutions.
I do want to join with my other colleagues and commend the crew.
