"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 there are enormous risks and enormous costs to doing this slowly over time because I do believe markets are smart."
"I am a strong believer in supporting those who took the prudent steps, and I think we best support them by saying that the others have to pay the price."
"CEOs lose their jobs when companies fail."
"flexibility without responsibility, without responsibility for transparency, without requirements that one might have assumed the Treasury would engage in."
"the concept of flexibility and giving a lot of flexibility to the Secretary of Treasury was a very reasonable and thoughtful approach."
"I can only say I share your deep concern that this is where the problem started, and if the solution doesn't start there, then in my view, it is not a solution."
"Frankly, Senator, I just don't think we are at trust anymore. I want to see the mechanisms."
"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 American people want to know what's going on and they deserve answers."
"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."
"Treasury must do a better job of implementing four critical elements: transparency, assertiveness, accountability, and clarity."