I believe that the difference in the way the TARP will be administered in the new administration and the last administration will be very glaring, and frankly, I think that one of the motivations on some of my Republican colleagues to kill this now is that they fear the contrasts that will be presented between the very responsible and effective administration of this by the new administration and the inappropriate way of the last administration.
Discussing the differences in TARP administration between the new and previous administrations.
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I urge staff to pay close attention to the differences in products offered by nonbank institutions and to be mindful of Congress's intent in financial reform that State consumer protection laws be preserved to the extent possible.
Fannie Mae and Freddie Mac do very good work, and they are not endangering the fiscal health of this country.
We should have made it much higher, $125 billion or more, and we should have indexed it.
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