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.
Foreclosure should be the last option after everything else fails.
Taxpayer dollars must never be used again to prop up failing companies that are then allowed to profit at taxpayer expense.
Treasury's failure to adopt these recommendations in my view has been one of the great failings of the past year.
I am pushing to say we could do more, and as a leader in the TARP program that has made this $50 billion commitment, I am asking you to do m...
We have pushed for a long time for more transparency, more accountability, more clarity on goals.
'Too big to fail' is upon us now in a much larger sense.
From the outset, it was obvious that a system so large would need very careful oversight.
We have argued for repeating the stress tests and extending them past the 19 largest financial institutions.
I am less confident that we have adequately arranged for the death of financial institutions that need to fail.
So do we have, in effect--the question I am asking--do we have a pre-guarantee out there?