Why should we think a few changes in the law will magically make them more effective the next time around?

We have not asked very much, so under the Federal Rules of Evidence, what has happened is the way Rule 702 is written and has been applied, experience counts.

If you sat on your hands, which the Fed did in overseeing mortgages and mortgage lenders and banks that were under your jurisdiction, then I think that the Fed is a failure in doing what they are supposed to do.

if we would have had good regulators, we wouldn't be in the crisis we are in right now.

That, unfortunately, is not an answer.

That is bad and shows the irresponsibility of the firms.

Well, then you need regulations over those people that are dealing in the entities.

we are in real trouble, and maybe we need to reconsider the whole concept of relying on regulators to be the last line of defense against all problems.

Are you kidding me? Explain that to the American people.

In other words, we should take all manners of dealing with a broker-dealer, whether it be securities, whether it be bonds.

This combined effort of three major associations and the United States military began in 2006 in an initiative to examine the nature of extremity injuries sustained during Operation Enduring Freedom and Operation Iraqi Freedom.

Then we would need one for about 25 major market banks, money market banks in New York City, one regulator each for each one, because those are the ones that are too big to fail.

Your commitment to building this research enterprise and enabling the Department of Defense to pursue answers to its critical medical needs must be recognized.

the Department of Commerce must and will be an unyielding advocate for American business and American jobs, at home and around the world.

I didn't run for President to pass on our problems to the next generation or the next President. I ran for President to solve these problems so that you've got a better shot at life.

So we're going to do everything we can to deal with these specific bonuses. And I know Washington is all in a tizzy and everybody is pointing fingers at each other and saying it's their fault, the Democrats' fault, the Republicans' fault…

So for everybody in Washington who's busy scrambling and trying to figure out how to blame somebody else, just go ahead and talk to me. Because it's my job to make sure that we fix these messes even if I don't make them.

But what's just as important is that we make sure we don't find ourselves in this situation again where taxpayers are on the hook for losses in bad times and all the wealth generated in good times goes to those who are at the very top of…