We need a strong, effective consumer agency. We need an honest consumer credit market, and that happens when we get a Director confirmed.

I think Senator Martinez said, 'Wait a minute, I remember the FDIC insurance model. I think they did a pretty good job.'

The urgency of the moment, we have got to get this resolved, and we have got to get it resolved now.

We have got to get this resolved, and we have got to get it resolved now.

I do think... infrastructure and standards and transparency that should apply to all participants in the market.

I just wondered if any of you have dealt with or thought about the implications of using data tagging on mortgages

Fair point, although we might just say you need a comprehensive solution here that watches where the money is going.

I think we have to recognize that 5 years after the recession we still have 40 percent of unemployed people looking for a job for more than 6 months.

Don't eliminate the loans. Keep restrictions in place.

I appreciate it, and I appreciate you being here to talk about this.

I am told that debt collectors, not infrequently, will ask if people have a 401(k) and recommend that they tap the 401(k) in order to stop the debt collection calls.

This is a very important meeting and I thank you all for being here.