I was skeptical, as were so many. But it was very clear to me at the time that had we not acted, we would have seen a series of banks collapse.

How does this money get to ultimately liquefy the credit crunch? How does it get to working families? How does it get to small businesses that need the loans to make sure they can continue to operate and employ people?

And on the fraud question I asked you that is in your report, has the Federal Reserve responded to you in terms of your recommendation?

Thank you very much, Mr. Chairman.

Unfortunately, many of the results have shown that what was represented by the previous administration could not be farther from the truth.

heads should roll if that policy continues

We've got to work through the fears that addressing climate change will hurt American competitiveness.

if we don't act, the overall costs and risks of climate change will be equivalent to losing at least 5 percent of global GDP each year, now and forever.

As you've well noted, the situation is grim. The challenge presents us with equally great opportunities for action.

I also believe that properly constructed markets, such as a cap-and-trade system, can be a powerful tool to lower emissions in an efficient manner.

let's determine what the true costs of lowering greenhouse gas emissions are, versus the costs of climate-change impacts.

we need the President and other leaders to prioritize climate change and raise awareness about the inevitable effects.