I was surprised by your answer to Dr. Troske about the metric for success on the home mortgage foreclosure program.

I have a feeling I am going to hear the same answer, but let me just try it again with second liens.

Fannie and Freddie are pushing mortgages back to these large financial institutions because they say that the mortgages that were sold to Fannie and Freddie were not of the quality that they was represented.

Well I'm hearing so much optimistic news I--

you treat the guarantee from the American taxpayers as if it costs nothing.

I also believe it is important for the Panel to ensure that officials involved in the TARP learn from what happened so that we are not doomed to repeat this process in the future.

I want to make clear that I strongly support what I understand is one of the main goals of this panel: increasing the transparency and the public's understanding of the TARP.

what is the value of the guarantee that the American taxpayer put into this?

I just want to make sure I'm following the timeline here.

That's why I asked a time question.

So I just want to ask you. Now is this only for the financial--for the thrift, not for the larger----

So government help--you had to evaluate it, evaluate what its impact was going to be.