Elizabeth Warren

So, you don't offer cheaper financing than anyone else does in order to support the sale of GM cars?

Thank you very much, Mr. Hull.

Thank you. I'm past my time.

I'm not commenting on what the prior Administration did, I'm just observing what they did.

The difference is, that you're trying to capitalize what is now a much stronger company.

Thank you. I just want to stay on time, but I hope we can come back to this.

What I'm asking about though is the role of the regulators in those concentrations. The regulators had the power to make sure that this didn't happen. What went wrong?

Ms. Eberley, that's all for now.

Thank you. Mr. McWatters.

I'm concerned about the shifts in accounting standards.

We are talking about the importance of capital, and that you need more capital, private capital injected in these banks, not more government money in them.

I don't think I'm hearing an answer though. Are you confident that that has now been accomplished, that the books accurately reflect the commercial real estate losses?

What I'd like to start with is I'd like to talk a little and ask them a bit about the role of the regulators in the run up to this crisis.

This hearing of the Congressional Oversight Panel will now come to order.

That's not my concern. You've written it down and it now accurately reflects what the properties were.

Every time I see this softening, I'm really troubled by it.

Are the losses now acknowledged on the books of the banks? Are the books of the banks reliable on the question of commercial real estate losses?

Thank you very much.

I would like to start by recognizing the Mayor of Atlanta.

I want to understand it better.

But that's three months off. As the banks we're talking about how to wind down TARP.

There must never be a TARP 2.0.

There are, though, real consequences to doing that, because now markets understand that you may, at any point, decide that anyone is large enough and that their debts should therefore be backed up by the U.S. taxpayers.

Our time grows short, so we'll enter the lightning round here and try to get in at least one more question.

We do need a system in order to be able to liquidate large financial institutions.