common stock is valued differently because of the riskier nature.

It is not possible to look at that without looking at what the Fed is doing as well.

When we did the analysis of the value of what the American taxpayer got back in return for the money that it had invested into the banks, we deliberately did not count the guarantees, which means that our $78 billion is small relative to potential exposure.

Treasury substantially overpaid, according to the data we've investigated, treasury put in about $254 billion for which it received about $176 billion in value from the financial institutions. That's a shortfall of about $78 billion.

Treasury substantially overpaid. According to the data we've investigated, treasury put in about $254 billion, for which it received about $176 billion in value from the financial institutions. That's a short fall of about $78 billion.

Taxpayers frankly need to be outraged, because treasury needs the message loud and clear. And the message is, you tell us the truth.

You tell us the truth. You describe what it is that you're doing. And then we can participate in that decision making process.

We received a response on December 30. We have posted that response on our Web site.

I can only say I share your deep concern that this is where the problem started, and if the solution doesn't start there, then in my view, it is not a solution.

CEOs lose their jobs when companies fail.

Well, we know that Mr. Kashkari, who was in charge of the TARP program in the previous administration, remains in charge of the TARP program.