"TARP has also failed to check the culture of excessive risktaking that brought on this crisis."
"So, if I'm understanding you correctly, you're saying that the advantage to breaking up the big banks is, we end up with more banks that can fail, because we let them fail, but more banks, then, that ..."
"This hearing will come to order. Good morning. I'm Elizabeth Warren. I'm the chair of the Congressional Oversight Panel."
"What's our model, here? Should we all just go to Las Vegas and bet it all on black-22?"
"We helped out Wall Street, and we left everyone else hanging."
"Ninety-nine of these banks have failed so far, as you know, and we have more than 400 on the watch list."
"The financial sector that we talked about a year ago as too consolidated, too big to fail, is more consolidated than it was back then."
"I worry not only because of where we are in this crisis, but that the factors that led us to this crisis have not yet changed."
"There is little to inspire confidence in the balance sheets of the banks, and the health of small and mid-sized banks remains a very serious concern."
"On regulatory reform, the very rules that will prevent this crisis from happening again, that process is just starting."
"So then let me see if I can understand this the other way."