We are describing a level of taxpayer support that also is just really unprecedented.
It brought in a large part to the brink of financial collapse. And today, somehow, someway, we have got to explain to the American taxpayer ...
I think it gave us a bubble. It certainly gave us a burst of economic activity for a little while.
I think over time it is hard to sustain that. Why? Just simply because one country is going to look at this and, you know, when things stabi...
It seems to me that there are two really, really important things that really have led in a substantial way to this financial crisis.
You don't have to respond, Doctor. You are----
I wish more of it would go building bridges instead of financial markets.
If we don't figure this piece out, the mechanism won't make a bit of difference.
But to me, that seems to be an important element as we think about what we want to do with the regulatory system.
There was a point in time where someone was compensated based upon the quality of the loan that they wrote.
I see this hearing as that same sort of opportunity: an opportunity for me to listen; to think about the priorities as you identify them.