Eighty percent of the cost in the post office is labor. You cannot fix this problem without looking at all the costs.

The reason why we need another bill is because we don't have competition in the health care industry.

We did nothing in the new health law about $250 billion worth of medical tests that nobody needs.

If we don't attack the real problem, and if we refuse to use competitive markets...

It's become en vogue to crucify the insurance companies.

OTS relied largely on WaMu management to track progress in correcting examiner-identified weaknesses

I would put forward that we are about to make the same mistakes that we are claiming and accusing those that are coming before us of.

But the data that we showed showed that the people on the ground, the ones that are actually doing the auditing, actually were following guidelines, were they not?

I come to the conclusion that actually investors would have been better off had there been no OTS

The lesson of OTS is not that we necessarily need more regulators, because clearly regulators can suffer the same flaws as banks--selfishness, shortsightedness, ineffectiveness.

Well, I would have no doubt that OTS has a system today, especially in light of the hearings that have been held.