Treasury substantially overpaid, according to the data we've investigated, treasury put in about $254 billion for which it received about $176 billion in value from the financial institutions. That's a shortfall of about $78 billion.

Taxpayers frankly need to be outraged, because treasury needs the message loud and clear. And the message is, you tell us the truth.

You tell us the truth. You describe what it is that you're doing. And then we can participate in that decision making process.

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

We received a response on December 30. We have posted that response on our Web site.

I have great confidence in our numbers.

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.

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

I applaud the Obama Administration for the reforms they are considering and will soon announce.

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…

One possibility, they could say they are not lending because there aren't good lending opportunities.