Iran has acquired 'sufficient information to be able to design and produce a workable nuclear weapon.'

We are always going to have in a market system winners and losers, failures and success, and that is the genius of the market in a sense.

Has the SEC staff considered, to your knowledge, or seen a particular financial statement prepared under the rules of the international standards as opposed to FASB, and how do they work?

As banking becomes increasingly global, the U.S. financial regulatory structure, I believe, needs to make sure it can adequately handle the failure of banks operating globally.

And that is no easy task.

Were they too big to regulate?

This is, I think, a very timely hearing and a very needed hearing dealing with international cooperation.

Had we recognized this at the outset and addressed each problem by order of priority and in a coordinated fashion, I believe our response would have been more effective and made better use of taxpayer resources.

You are a 36-percent stockholder, the largest stockholder in Citigroup--that is, the taxpayer.

We believe that it is not the job of the Federal Government to be micromanaging companies.

I want to shift to AIG.

For taxpayers to be fully repaid, General Motors' market capitalization would need to increase by about 14,000 percent--14,000 percent.