Tim Geithner

I completely agree with what you said about the importance of there being a brutally honest, careful, independent assessment of what those weaknesses are.

This is about will, not ability.

I think that will be--that is a necessary thing not just to protect the taxpayer, but to make sure that the Government's role in the financial system is not sustained beyond a point that is necessary.

What we are going to do is, as a condition for assistance, ask the banks to give us a concrete plan for how they are going to use that assistance.

We will not be effective unless we earn more confidence with you and your colleagues and with the American people that we are going to use these resources wisely.

The Obama administration has made it clear that a dramatic reformulation of this program is needed before the second tranche of the $350 billion is allocated.

I worry very much that there are not enough resources in this package to deal with the housing crisis.