We hit three repeating themes, and that is the need for transparency, the need for accountability, and the need for clearly articulated programs by Treasury.

I actually think the report says exactly that, that there should be flexibility.

Our financial models are laid out in many, many pages in our report.

The point, Congressman, as I see it, is that it is all about disclosing them.

Well, my view is, if you cannot explain it, then you probably should not sell it to customers. I think that is destructive.

I will start by saying the person who was talking about banning products actually wasn't me; it was Mr. Yingling who embraced that notion.

The agency could say if you will issue a page-and-a-half credit card contract that is readable, a one-page mortgage that is readable and make the blanks clear... you are relieved of other regulatory obligations.

I think that this is an area where a per account fee makes a lot of sense.

the consumer credit market is broken.

I am completely in favor of making these products transparent enough that people can read them, understand them, and make smart financial decisions.

No. It is the customer who will make that decision.