We were pleased, therefore, to hear about the recent bipartisan effort, led by Senators Charles Schumer and Richard Shelby...

We need to know that we have a real cop on the beat, not just one in uniform standing on a corner.

The No. 1 thing in the system has to be independence.

Congress needs to remedy this promptly with legislation Senator Shelby introduced 7 years ago in 2002.

Something is just simply wrong when that is allowed to occur in our Nation.

It would send certainty to the market, would it not?

If you have got bad people sitting on the top of each of those peaks, it is not going to matter what you legislate here.

The concerns you raise are profound and important ones.

this crisis is the result of what may have been the greatest regulatory failure in human history.

Some of these banks should be closed. Will they cost money to close? Will they send shock waves through the system? Absolutely. But if you keep subsidizing banks, when do you stop? Close them down. Get them out of business. If they're…

Are you telling us and the American people that you believe that the Government, the taxpayers is going to recoup their money they have invested or they have loaned or given or whatever to AIG, billions and billions of dollars? Are you…

The Fed and Treasury can be secretive for a while, but not forever.