I am concerned, especially given the limited life of the TARP program, that employees of TARP may be facing significant... conflicts of interest.

The American people can stand the truth. They can stand the truth.

The GSEs, I think, if I may say so, with the connivance of the Congress, were considered to be something special and they would be protected.

Do you have any concerns, Dr. Volcker, that if the Fed assumes too many responsibilities, its ability to conduct monetary policy could be undermined?

As I have said many times and will continue to say, I believe that before we discuss how to modernize our regulatory structure, or even before we consider how to address the current financial crisis, we need to first understand its…

Shouldn't those decisions be made by the President and the Congress, who are accountable to the people?

And what are your views on the separation of monetary policy from banking policy along the lines of the reforms that were enacted in the United Kingdom in the late 1990s that gave banking regulation to the FSA and monetary policy to the…

I believe one of the primary failings of the recent bailouts of the GSEs, AIG, and Bear Stearns was the intent of protecting any creditors from losses.

In the area of forensic science, Mr. Secretary, in February 2009 the National Academy of Sciences published its investigative report, quote, 'Strengthening Forensic Science in the United States: A Path Forward,' which was highly critical…

He cited, among other things, Madoff's unusual compensation arrangement, the inability of the options market to sustain Madoff's strategy with the level of assets he had under management.

The fact that the regulators were put on notice through direct tips, press articles, and industry chatter raises serious questions about the state of our regulatory system.

The Madoff fraud is disturbing, as Senator Dodd said, on several different levels.