However, the tools we need to overcome the economic downturn are already at our disposal, the most valuable of which is unemployment insurance.

It is my hope that today's hearing will provide the subcommittee with actionable information for getting our nations' unemployed back to work.

The dire unemployment situation currently gripping the United States has been an inescapable reality for several years.

There is a little bit of confusion for me because we do have a problem.

We believe that banks have the capacity and the existing infrastructure to affordably offer small-dollar loans and some other products as well.

It is very difficult to determine the success.

I have introduced H.R. 31, the Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act.

The Fed has said today that they did not take into consideration all of the costs.

A delay for just having a delay is not a good delay, but a delay for doing it right is important.

Thank you, Mr. Chairman.

my biggest concern is, going forward--and it is really I am looking, going forward, is how we make sure we mitigate and minimize taxpayers' expense.