And to suggest that we largely sit back and do nothing is not a course.

We must ensure that every available dollar goes to shoring up our banking system so we can get our economy moving again.

Government, however is charged with improving the lives and welfare of the people.

we must see a sharp change in the direction of this program under new management.

there appear to be significant gaps in Treasury's monitoring of the use of taxpayer money.

the TARP program remains a critical tool our Government will need to address the economic crisis.

Oversight of the stabilization funds is critical to the effective and efficient use of the taxpayers' dollar.

If banks are going to turn to taxpayers for their survival, then they had better expect to answer to the taxpayers.

the public is outraged by this behavior, with good cause.

Ohio families deserve to know where every one of their tax dollars is spent, and that it is spent wisely.

Wouldn't expanding HIDTA be a good response, not only for New York but for the whole country?

What a quintessentially and great American story.

First, I want to thank you for holding this hearing, Mr. Chairman.

my parents have a quintessential American story.

I regret that our colleagues are not participating here. It doesn't bode well for moving and filling vacancies on the bench.

I just find this--let's put it like this. I think they're off to a bad start.

I want to mention Lilo, who traveled here from Elmhurst, Queens, a neighborhood I very much love.

I think there is a willingness and an understanding that we have to move.

I am not so worried--I mean, although the details, look how long it took to get some agreement on Basel and the capital accords.

If we miss the moment, we will find ourselves in a deeper hole for a good many years to come.

I have always thought all holding companies should be regulated by one regulator, maybe the Fed, maybe not.

Regulation must strike a delicate balance--providing a sense of safety and security for investors, without snuffing out the flame of entrepreneurial vigor and financial innovation that drives economic growth.

If we have got good regulation, and good is not synonymous with a lot of regulation necessarily, but if we have intelligent regulation and the rest of the world doesn't follow us, well, that is too bad, because I think in the end, it will…

Exactly. Yes, and it worked.

I agree, it is a unique opportunity.