I do not believe that we can reasonably expect the Fed or any other agency effectively play so many roles.

I urge my colleagues to focus on creating a regulatory system for the next century, not one that merely seeks to remedy the mistakes of the last few years.

The independence of the Fed has served us well over time.

When the Detroit Three came before this Committee to ask U.S. taxpayers for bailout money, they cited the financial crisis as the reason for their troubles.

Getting out of the automobile industry by the U.S. Government yesterday would not be soon enough for me.

In other words, easy to get in, hard to get out.

What I deem conflicts of interest, the Federal Government is now the principal labor, environmental, and safety regulator...

We, the taxpayer, the government, is in big time.

I believe that once finalized, they will result in the savings of thousands of American jobs.

I think that we ought to, where there is a HUD investigation involved... we ought to have a clean bill of health from the man before I vote on him.

If I could answer that, there is a HUD investigation going on, as I understand it from staff, dealing with the RESPA and some of the companies.

It is for these reasons that President Bush and later President Obama marshaled the resources of our government.