I can also promise you rating agencies are going to be very much a part of our overall effort.
It would be a mistake to paint every financial institution with the same broad brush.
I'm disappointed, frankly, that those who requested this kind of a change didn't have the courage to stand up a couple of days ago and admit...
A year ago, this Committee heard from witnesses on two separate occasions that the banking system was sound.
Doesn't that lend itself to shopping again here?
We are going to want to have as many conversations as we can with you as we move forward on how to develop these ideas.
We do not have a table big enough.
There were hundreds of thousands of bad loans. Hundreds of thousands of them.
A year later, taxpayers are forced to pump billions of dollars into our major banking institutions to keep them afloat.
But shouldn't that have raised a red flag? You are the experts in this area, and you were watching people get loans with no documentation, t...
The administration had expressed reservations about the amendment. They came to us and asked for modifications.