02/11/2009
https://www.congress.gov...
"it is essential that the liquidation rules make clear to equity shareholders and unsecured creditors that they, not taxpayers, are at risk when their company fails."
"We have established an early warning system so that we never again find out that a financial product or practice is unsafe only after it has already undermined the stability of our economy."
"It is at risk in my view until we get someone in, running the place and demonstrating what it can do."
"I believe 5 percent is what we were debating at the time."