It is always a surprise when... we discover that there are people who have abused public trust.

We are really trying hard to see what the effectiveness is and to make recommendations that might make it more effective.

If we go back to a world where the basic consumer financial products are just steady, and they are just plain vanilla, they are ones that have a level playing field.

Nobody should be protected from making mistakes.

We return to the same themes that we started with our very first report about transparency, accountability and clarity throughout the system.

I am very concerned about the ticking time bomb we face in commercial real estate lending.

We think they could be stronger, and we think they should be used in more ways and more often.

We all should care enormously about the data that we will talk about today and what comes out of this hearing.

This crisis may have begun with subprime mortgage lending.

I believe it is unacceptable for us to continue to allow this anomaly to continue.

This policy is likely to prolong the agony and leave a still-wounded banking system dragging down the real economy.