Mike Capuano

I believe it is very important for an independent assessment of the value of those three resolution methods to be compared to each other, and to consider the risk associated to the FDIC and certainly the risk or potential damage or harm…

Have you or Mr. Rymer or anyone else, have you done maybe a comparison, for the sake of discussion, take 200 of these exact same loans that maybe you did just spin them out right away, take the loss up front, versus the ones you have held?

I need to hear it in English.

I think that is an important point to make.

I think it would be helpful if I just add one point. Early on in the crisis, as I indicated, we tried to do cash sales; the prices were just very, very low.

When you do that, I presume--again, the different approach is one thing. But as it was explained, as I heard it anyway, one method is all the so-called good loans and the other method is all the so-called bad loans.

Bank 'A' fails. You want to sell most of bank 'A' to bank 'B.'

I appreciate you calling this hearing. I think that the FDIC plays a very important role in this economy in protecting investors.

It is entirely legitimate to have contending groups with different views, and there is clearly a major party difference in that those of us on the Democratic side think that unemployment is a very serious problem that deserves being…

Ms. Gilligan, is it safe to fly?

I believe I have something I want to put up on the screen. That is my political statement for the week.

I feel like they are completely unconstitutional.

That is offensive to the American people because they see our Secret Service, GSA, they see the waste of the taxpayer dollars.

I would really appreciate an education, an update on it because I actually think it is critically important.

If you exceed some number that upsets us, that we think is excessive, we will call you on it.

I think a lot of us will be keeping a close eye on that, and we will be keeping a close eye on your budget.

I share the frustration of some that a lot of the things from Dodd-Frank have taken so long to get going.

I totally agree, that I don't think that they have been strong enough on their actions.

I will tell you, though, I agree with one of my colleagues when he said people who commit bad behavior should be jailed.

So what you do, you may never know. No one may ever know if you actually prevent a bad occurrence.

The expenses of the Office is the legislation.

Pursuant to the law itself, it does say that they can collect assessments equal to the total expenses of the Office, that is all the law says.

I think we have a responsibility, I think we are doing it, and I think we should continue to do it.

There is a cost and there is a burden to these regulations, and certainly that is just one part, one aspect of it.

If we go to IFRS, we are going to go back toward more principles-based.