Paul S. Sarbanes: “I think it is clear that there was a vacuum in addressing important issues, and Attorney General Spitzer... moved into…”

I am pleased to welcome Chairman Greenspan back before our Committee to testify on the Federal Reserve's Semi-Annual Monetary Policy Report to Congress.

In my view, this is a very shortsighted approach, both as a matter of policy and negotiating tactics.

Yes. They have built up these currency reserves, very strong positions. And we owe it. We owe it.

I find this troubling. I guess I find any chart that all of a sudden seems to leap out in some different direction from what we have generally been experiencing a matter of concern.