I was surprised by your answer to Dr. Troske about the metric for success on the home mortgage foreclosure program.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
The financial problems of these banks are straining their ability to lend to small businesses that might otherwise be driving the economic recovery.
I think your point about the accomplishments of TARP are quite significant and your emphasis on the importance of a stable, functional financial system is what I would like to talk about.
How can you be confident about the stability of these financial institutions without re-running the stress tests?
I have been calling for this for a while--is the creation of a homeowners advocate within the Treasury.
We must also evaluate whether Treasury has diligently measured the impact of its efforts, using credible metrics to measure the success or the failure of its programs.
The government had nothing to do with what happened in Long Term Capital Management?
I view this panel as an important vehicle through which the American people can gain assurances that this program was necessary and is being conducted in a manner that enhances the welfare of all citizens and not just a chosen few.
Following the bailout of a 100 cents on the dollar--because the Fed has described and they describe in their written testimony, it was totally binary.





