I want to thank Chairman Frank and Congressmen Miller and Watt for including my bill, the Credit Risk and Retention Act, into their broader mortgage reform bill.

The biggest word we dealt with for 30 years... is the word 'regulation.'

It has been a swear word in Washington for 30 years.

At some point, if it is 40 percent--when does it make sense to either go to 51 percent--and I know the word nationalization nobody wants to talk about.

Thank you for doing this all day.

At some point, it no longer becomes an investment. It becomes--you know, they are on life support.

If we have to take a 40 percent position on a huge bank, please tell me what the definition of failed management is.

We had bad news--the taxpayers overpaid, by $78 billion, for some of these instruments.

I voted against the TARP and I have not had a moment when I have regretted that decision.

The risk appetite here on the Hill, given the way we have seen this top handled so far, is very, very low.

This has been a disaster.

I think they are illegal. I cannot believe no one has prosecuted you on this.

But basically you come to us today on your bicycles after buying Girl Scout cookies and helping out Mother Teresa, telling us, 'We're sorry. We didn't mean it. We won't do it again. Trust us.' America doesn't trust you anymore.

Do you understand that this is a little difficult for most of my constituents to take that you learned your lesson?

I supported H.R. 1, the American Recovery and Reinvestment Act, because we need to create and preserve jobs. In the final analysis I believe that this bill offers enough stimulus to earn a ``Yes'' vote from me. There is no question that…

But basically you come to us today on your bicycles after buying Girl Scout cookies and helping out Mother Teresa, telling us, we're sorry. We didn't mean it. We won't do it again. Trust us. America doesn't trust you anymore.

Start loaning the money that we gave you. Get it on the streets.

Start loaning the money that we gave you. Get it on the street. And don't say, oh, well, we're not using that money for bonuses. Come on.

You created the mess we are in.

I am a happy, happy guy. Thank you, Mr. Chairman.

Don't get used to it.

I am not interested in private investors making money on the backs of taxpayers.

I have a really hard time trusting the private market, who actually valued, I assume it is not new people who came in in the last 5 months.

I understand what the law says, but I also have absolute and total faith in your ability to go around any law that is clear and unequivocal.

I would much prefer you do, and the reason is, obviously, I believe all you have said thus far.