There were hundreds of thousands of bad loans. Hundreds of thousands of them.

We do not have a table big enough.

We are going to want to have as many conversations as we can with you as we move forward on how to develop these ideas.

Doesn't that lend itself to shopping again here?

A year ago, this Committee heard from witnesses on two separate occasions that the banking system was sound.

We have got to figure out a new direction--that can't go on, in my view.

Just following up on the Senator's question, how many of those banks did you find that violated your guidelines?

I do not think you can get away by suggesting--I say this respectfully to you--that because they have not been held at the institution...

I get uneasy about the fact that the Fed is the lender of last resort.

With all due respect, this is the problem. In a sense, we talk about too big to fail in the sense of private institutions.

It seems to me you get, like in the thrift crisis years ago, the regulator becomes also the one that also deals with these resolutions.

I have said over and over again I am sort of agnostic on all of this. I want to do what works.

I think that should be preserved.

Thank you, Mr. Chairman. And thank you for holding this important hearing.

But, what is that, what's the 'nimble' part? What would the 'nimble' part be in a structure like that?

it is pretty disgusting that we've had more people trying to cook up exotic toxic assets than willing to spend their time killing bugs on the Internet.

I think this is a very important issue, Mr. Chairman, in the sense that, you know, you get an operating system, people beat on it for months and months and months and months, and try to break the system before it's really introduced.

One of the things that seems so clear to me as we have finally begun the process of increasing the funding for veterans' health care is that the challenge we now face within the VA system is hiring and retaining health care professionals.