We believe that a civilian-style plan is inappropriate for military service conditions.

This testimony will surely help to shape our legislative and funding priorities as we strive to improve the military personnel, health care, and morale, welfare and recreation (MWR) systems of the Department of Defense.

I urge you to look up the bill, for all of you.

It is certainly a big day to have the Gold Star Wives recognized.

If unemployment benefits are not distributed to the unemployed, then obviously they won't spend them and it won't have that particular element of stimulus.

But I do believe that our major banks have significant franchise values.

evaluating the benefits of purchasing long-term Treasury securities.

Well, I do support the separation of banking and commerce.

The purpose of these tests is to try to assess how much additional capital and what kind of capital they need so they will be able to lend and support the economy even in a situation worse than we currently expect.

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 by somebody or are there major gaps where there is no effective oversight where there needs to be

Call it public-private partnership. It is not nationalization because the banks will not be wholly owned

It would reduce the stimulus effect of the package, yes.

I think the idea of using a public-private partnership in an asset purchase facility is potentially appealing.

We are committed to ensuring the viability of all the major financial institutions.

The worst thing that could happen is if we don't get cooperation from Europe, from Asia.

if we are going to have a strong recovery, it has to be on the back of a stabilization of the financial system

So the purpose of the test is to try to ensure that even in a bad scenario, banks will have enough capital.

You do not create a market by Government action or Government regulation.