The March 4 hearing of the Congressional Oversight Panel will come to order.

We have to have $700 billion or the economy will fail.

What does 'healthy' mean now that it didn't mean on October 14, 2008?

It is really three different kinds of businesses combined: a commercial bank, an investment bank, and an insurance company.

the market clearly perceives that there is a too big to fail guarantee, and the market is rating Citi higher because of that.

we are concerned about the financial system. We're concerned that no institution should be able to present significant risk to the financial system.

As everyone in this room knows, in late 2008 a financial crisis threatened to bring the worldwide economy to its knees.

I understand it's one factor, but can we both stipulate it's a very helpful factor?

I want to know if the American taxpayer gets paid for that.

You wiped out all of its equity, you caused its debt to have to take a haircut, and that's what helped put it back on firm footing.

Going from $21 billion to $3 billion doesn't look like it fixed itself and that it only started coming back once TALF was in place, a TARP program.