I hope that you do not take away from this particular room any new doubts about the quality of the science that supports, I think, highly legitimate concerns about climate change.

There was a book called Merchants of Doubt written about the public relations and propaganda effort to raise doubt in order to create political maneuvering room for these industries.

Last, I just want to say how pleased we are that we learned last week that Senator Reed introduced S. 3005, the National Institute of Finance Act of 2010.

I don't sense there is a mutually exclusive sort of agenda here.

if you do not have an authoritative institution supported by data doing that, then the problem I think you will have is that the next time it will be something different.

I personally think it is an affirmative good.

I think it is important for us to foster within the government but also outside of the government the ability of multiple agents to make a judgment on this.

too big to fail is the first chapter, but the second chapter is too interconnected to fail.

I think it is important that we begin here.

If we don't achieve it in the next several months, the bubbles that might be out there percolating... will once again catch us by surprise.

it needs to have absolute credibility.

Without objection.

I believe that Director is appointed for a term of 5 years.

I think we are all focused on finding the best way to maintain higher levels of common equity.

They have proven that the last few months rather aggressively.

Thank you for your leadership on this and so many other issues involved in banking and other challenges facing the country.

We need better data. We need better analysis.

I want to welcome Governor Tarullo also. I want to thank you for holding this hearing at the suggestion of Senator Corker.