We started this process saying--Secretary Paulson came to this very room and said we need to get those toxic assets off the books of the banks.
The toxic assets remain on the books of the banks; the commercial real estate mortgages are a coming crisis.
Taxpayers really want to know and should have a right to know what is going on with their investments.
Until we find a way or commit ourselves to a way to say, one way or the other, we are resolving those assets on the book...
I am less confident that we have adequately arranged for the death of financial institutions that need to fail.
We have argued for repeating the stress tests and extending them past the 19 largest financial institutions.
From the outset, it was obvious that a system so large would need very careful oversight.
Taxpayer dollars must never be used again to prop up failing companies that are then allowed to profit at taxpayer expen...
Treasury's failure to adopt these recommendations in my view has been one of the great failings of the past year.
Is there anyone in America who does not believe that the American Government will rush back in and support the money mar...
So do we have, in effect--the question I am asking--do we have a pre-guarantee out there?