"The basic understanding behind Glass-Steagall was, look, we can't keep doing that. That is not going to work for us."
"We return to the same themes that we started with our very first report about transparency, accountability and clarity throughout the system."
"We support the special Inspector General's efforts."
"We have to build it on reality. And reality is what those assets are really worth."
"If the banks are not in a stronger financial position, they will not lend."
"I am very concerned about the ticking time bomb we face in commercial real estate lending."
"We think they could be stronger, and we think they should be used in more ways and more often."
"I was honored to testify before the COP's recent field hearing in New York City examining problems in commercial real estate."
"This policy is likely to prolong the agony and leave a still-wounded banking system dragging down the real economy."
"Data are critical not only because we can't design programs accurately if we don't know what is going on."
"We all should care enormously about the data that we will talk about today and what comes out of this hearing."