"Congress should establish a Consumer Financial Protection Agency (CFPA) to ensure the basic safety of consumer credit products."
"Foreclosure should be the last option after everything else fails."
"The fact that a lender can throw a family out of their home is a necessary part of a system of lending, but it is also an act of emotional violence and economic destruction."
"The continuously escalating mortgage foreclosure crisis threatens to overwhelm the entire effort to stabilize our financial system in the interest of broader economic recovery."
"Public policy should be about minimizing foreclosures for the same reasons it should be about minimizing child abuse or protecting the public health or educating our children."
"Treasury's failure to adopt these recommendations in my view has been one of the great failings of the past year."
"The toxic assets remain on the books of the banks; the commercial real estate mortgages are a coming crisis."
"We started this process saying--Secretary Paulson came to this very room and said we need to get those toxic assets off the books of the banks."
"Congress should end the era of 'Too Big to Fail' by restoring a credible threat of failure for the largest financial institutions."
"Perhaps the most frequent one is just the question: Is it working?"
"We also are concerned that parts of the foreclosure mitigation process are just--they are just ignoring big pieces of the problem out there."