"I also believe it is important for the Panel to ensure that officials involved in the TARP learn from what happened so that we are not doomed to repeat this process in the future."
"I want to make clear that I strongly support what I understand is one of the main goals of this panel: increasing the transparency and the public's understanding of the TARP."
"I view this panel as an important vehicle through which the American people can gain assurances that this program was necessary and is being conducted in a manner that enhances the welfare of all citi..."
"So then let me understand because actually our staff pulled out the OTS, your, Holding Company Handbook and it directs your examiners to conduct, and I'm quoting here, 'comprehensive assessment from t..."
"Right. Now you say in your written testimony, I've gone through your written testimony, you talk about not having the regulatory tools that you needed during this time period, is that right?"
"So I just want to ask you. Now is this only for the financial--for the thrift, not for the larger----"
"I just want to make sure I'm following the timeline here."
"So the reason we asked this panel to come is that we wanted to probe that claim."
"So government help--you had to evaluate it, evaluate what its impact was going to be."
"Following the bailout of a 100 cents on the dollar--because the Fed has described and they describe in their written testimony, it was totally binary."
"So let me just get started here, I want to walk through this. I'm hearing you say that it is very likely that the American taxpayer will be repaid in full from AIG?"
"But--since I see you wince and hesitate on the second number, that is you feel confident about the $83 billion repayment, a little less confident about the $49 billion."