If I have heard it once, I have heard it ten times, from not only the Secretary of the Treasury but the head of the Federal Reserve, that there are institutions in this country that are too big to fail.

It will bankrupt our industries, cost Americans jobs and cause energy prices to skyrocket.

There comes a time when my 40 grandkids are going to get tired of paying for our excesses.

There is no question that the Congress pushed Freddie and Fannie to make these loans.

Me, too, since it is my money.

It has been over a year since the creation of your agency, yet you still do not have an Inspector General.

if they are going to bust the bank, if they are going to blow the housing and the market right out of sight, then we as regulators or as policymakers have got to prevent that.

Yes, everybody. I mean 'us.'

Thank you. I agree with that.

You as the acting head of it, you could at least make a suggestion to the Administration that this is a critical position that needs to be filled.

the Congress of the United States gave that power to the Federal Reserve and expected them to completely fulfill their obligation in oversight of the mortgage market.