In a crisis, transparency, accountability, and a coherent plan with dearly delineated goals are essential to maintain the confidence of the public and the public and capital markets.

Treasury may have pursued policy objectives in overpaying for assets, but if so, they did not clearly articulate those objectives.

They paid a uniform price. That is they said, we are going to pay the same amount--we will give you the same number of dollars and the same return regardless of whether or not you are a very risky financial institution or you are a…

I have great confidence in our numbers.

I think this is a really hard question. I am not confident, A--that we wouldn't have done something else.

I want to thank you again for this opportunity to appear before you and I look forward to answering any questions you may have.

Treasury must do a better job of implementing four critical elements: transparency, assertiveness, accountability, and clarity.

I see our role as much more of looking at things like the structure overall, whether or not we have a framework that is going to work or is it just ad hoc, how things are put together.

We think it is really important that you back up and say, maybe the problem is different.

I think there are enormous risks and enormous costs to doing this slowly over time because I do believe markets are smart.

when Citibank is declared a healthy bank and then within a matter of weeks is declared at risk of bringing down the whole system, we have to have some skepticism about the identification of these banks as healthy banks.

Well, I think it is a very creative idea, the notion that your own money is on the line...