I'm concerned about the shifts in accounting standards.

What I'd like to start with is I'd like to talk a little and ask them a bit about the role of the regulators in the run up to this crisis.

I don't think I'm hearing an answer though. Are you confident that that has now been accomplished, that the books accurately reflect the commercial real estate losses?

This hearing of the Congressional Oversight Panel will now come to order.

That's not my concern. You've written it down and it now accurately reflects what the properties were.

Are the losses now acknowledged on the books of the banks? Are the books of the banks reliable on the question of commercial real estate losses?

Every time I see this softening, I'm really troubled by it.

I would like to start by recognizing the Mayor of Atlanta.

There must never be a TARP 2.0.

TARP was an important part of the government's rescue strategy and it helped rescue the financial system from imminent collapse.

AIG was not a bank.