you said you would tackle principal reduction. I asked you about it repeatedly, but for 2 years after you were sworn in, you did not move an inch on this.

we have a retirement crisis in this country. Today, among working families on the verge of retirement, about a third have no retirement savings of any kind and another third have total savings that are less than one year's annual income…

The ability to recruit. It is a really powerful point.

Thank you, Mr. Chairman, and thank you to our witnesses for being here and for this thoughtful report that you've put together.

I believe that the labs and the research that they do make up the backbone of our future military strength.

when he was running for President, Donald Trump laid out a pretty clear vision of how he would deal with Wall Street. He said: ``Wall Street has caused tremendous problems for us.'' He claimed he wasn't ``going to let Wall Street get away…

I totally agree, and I think the point is well-argued. Thank you very much.

It seems like what we do right now is we encourage risk aversion and just stick with whatever you've done for the last 100 years rather than encouraging people to take some risks.

It is a powerful point, Dr. Holland.

Actually, thanks to the attraction of Boston, Massachusetts.

I think it's really important, you talk about the tools that are needed, but you're also talking about a very different approach from a management perspective.

Because there will be less capital for them to draw on if there is a problem.