Elizabeth Warren

Common stock is valued differently because of the riskier nature.

It is not possible to look at that without looking at what the Fed is doing as well.

I understand why one might design a system with a lot of flexibility, you know, that you don't just stand behind somebody putting out a fire and try to micro-manage how that happens.

When we did the analysis of the value of what the American taxpayer got back in return for the money that it had invested into the banks, we deliberately did not count the guarantees, which means that our $78 billion is small relative to…

I think this is exactly the right question and I will say, as Mr. Dodaro did, the right person to put on the stand for that question is the Treasury Department that has the authority to ask for more, indeed to demand more, not only from…

If this is about putting money into the hands of small businesses that have done most of the job creation outside the public sector, then you make that part of the terms of taking the money.

If Treasury will be in the business of trying to explain in a clear way what it is trying to accomplish...

This suggests a lack of forthcomingness on the part of Treasury.

I think it is worse than just that there has been change.

We support the bill and think it is important to move it quickly.

The themes that we have returned to time and time again in the Congressional Oversight Panel have been about transparency, accountability, and a strategy that comes from clearly articulated goals.

We were very pleased to hear the President announce the Homeowner Affordability and Stability Plan last week principally because it shows the importance of dealing with the mortgage foreclosure problem as a central element in trying to…

I am very pleased to be here because of the important responsibility on this subcommittee and to try to help in any way that we can.

Treasury substantially overpaid, according to the data we've investigated, treasury put in about $254 billion for which it received about $176 billion in value from the financial institutions. That's a shortfall of about $78 billion.

Treasury substantially overpaid. According to the data we've investigated, treasury put in about $254 billion, for which it received about $176 billion in value from the financial institutions. That's a short fall of about $78 billion.

Taxpayers frankly need to be outraged, because treasury needs the message loud and clear. And the message is, you tell us the truth.

You tell us the truth. You describe what it is that you're doing. And then we can participate in that decision making process.

In a crisis, transparency, accountability, and a coherent plan with dearly delineated goals are essential to maintain the confidence of the public and the public and capital markets.

The American people want to know what's going on and they deserve answers.

Treasury must do a better job of implementing four critical elements: transparency, assertiveness, accountability, and clarity.

Frankly, Senator, I just don't think we are at trust anymore. I want to see the mechanisms.

CEOs lose their jobs when companies fail.

I think we start by telling the truth, and that means if we have financial institutions who have liabilities up here and the value of their assets is down here...

I think we are way past 'Trust me.' I am an empiricist. Show me what you have done and I will tell you whether or not I think it addresses the problem.

The concept of flexibility and giving a lot of flexibility to the Secretary of Treasury was a very reasonable and thoughtful approach.