I think we need to make sure we have the regulations to make sure this is done. Dodd-Frank is in place to do that.

But instead of calling these firms systemically important financial institutions or SIFIs, I think what we should call them is what we all know they are and what the market calls them as well, and that is too-big-to-fail institutions.

I think that is an important point to make.

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.

The entire debate about SIFI designation is nothing more than a charade, and we should call it what it is.

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…

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.

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.

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?

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?

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

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

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.

The expenses of the Office is the legislation.

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

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

I feel like they are completely unconstitutional.

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

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

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

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