We do need a system in order to be able to liquidate large financial institutions.

Isn't it time to debate what we want our institutions to be?

I think, actually, this is a program that's doing quite well in delivering a very meaningful improvement in the basic financial economic position.

It's very important to have this debate and we're having it now in Congress.

But, I thought you started by saying you were going to terminate and wind down the Capital Purchase Program.

Perhaps most disturbing of all, TARP created an implicit government guarantee for major financial institutions.

And we moved in----

The financial condition of the counterparties was not a relevant factor in the decision to see to it that Goldman Sachs and other counterparties were paid 100 cents on the dollar.

Our time grows short, so we'll enter the lightning round here and try to get in at least one more question.

So, your statement here today is, the reason we're having a problem with small business lending is that you're making the money available to the small banks and they just won't come.

So, let me just, if I can, pinpoint--how can it be that we can manage to put hundreds of billions of dollars into the hands of very large financial institutions, in what was effectively a matter of days, and 14 months into TARP, we're…