"To me, buying protection on senior layers of risk means being short."
"Eighty percent of the cost in the post office is labor. You cannot fix this problem without looking at all the costs."
"It's become en vogue to crucify the insurance companies."
"If we don't attack the real problem, and if we refuse to use competitive markets..."
"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."
"So there was no secondary follow-up by OTS to changes that were requested by OTS."
"Where was the Congress in looking at OTS? What was the last time Congress did an oversight hearing on the effectiveness of the OTS or the FDIC prior to this downfall?"
"In both of your assessments, as you looked at this and you look at OTS--and this is a huge example of regulatory failure."
"We see over and over again that OTS dedicated a great number of hours and personnel to the supervision of WaMu, yet problems never got truly addressed."
"Was it common practice at OTS to issue recommendations to banks and then simply take their word?"