I think you have probably all seen this one-page agreement that lists all of the things that the banks did wrong

Over the last few months, Congressman Elijah Cummings and I have requested documents from your agencies regarding the basic data and the processes of the Independent Foreclosure Review.

Does it really identify the law breaking that went on and appropriately hold these banks accountable?

So I am hoping in this hearing to give you an opportunity to provide us with some greater clarity than you have thus far offered in our meetings and our correspondence.

Are you claiming that the information about illegal activity is privileged and confidential?

People want to know that their regulators are watching out for the American public, not for the banks.

If someone believes that they have been illegally foreclosed against, will they still have a right under this settlement to bring a lawsuit against the bank?

the idea of cutting enforcement for the IRS just seems to me not to be serious about collecting the money we need to run the government.

Thank you very much, Mr. Chairman, and thank you for your persistent and aggressive leadership in this area.

The IRS is facing an 8 percent cut in its budget.

The IRS estimates, as I understand it, that there is about $400 billion left on the table that is not collected.