We are going to have to address the coming problems with commercial real estate mortgages.

I appreciate the opportunity to be here today to talk about the work of the Congressional Oversight Panel.

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 books of the banks...

I am less confident that we have adequately arranged for the death of financial institutions that need to fail.

'Too big to fail' is upon us now in a much larger sense.

Congress should establish a Consumer Financial Protection Agency (CFPA) to ensure the basic safety of consumer credit products.

From the outset, it was obvious that a system so large would need very careful oversight.

We continue to remain very concerned about the toxic assets that remain on the books at the banks.

The continuously escalating mortgage foreclosure crisis threatens to overwhelm the entire effort to stabilize our financial system in the interest of broader economic recovery.