"Isn't it time to debate what we want our institutions to be?"
"It's very important to have this debate and we're having it now in Congress."
"The financial condition of the counterparties was not a relevant factor in the decision to see to it that Goldman Sachs and other counterparties were paid 100 cents on the dollar."
"But, this is----"
"And we moved in----"
"They ended up----"
"We do not want investors, in the future or these particular firms to live with the expectation that the government bail them out."
"AIG was not a bank."
"We do need a system in order to be able to liquidate large financial institutions."
"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 ..."
"Our time grows short, so we'll enter the lightning round here and try to get in at least one more question."
"But that's three months off. As the banks we're talking about how to wind down TARP."