We have to face the music too. We have to preserve those entitlements for which people have paid.

Some have suggested that we ought to reduce the amount that Americans can save in tax-deferred accounts. I think that is a bad idea.

A second point I would make is that we have to make sure that Social Security is going to be there for future generations.

So is it fair to say that, economically, there are no real assets backing up the certificates in the trust fund and the existence of the trust fund does not have any impact whatsoever on the overall ability of the Federal Government to…

I think we ought to defend and encourage these provisions that help people to save.

What happens when this morphine drip starts to end?

We are punishing middle class savers for years now, people who spent an entire working lifetime choosing to forego consumption.

We have exacerbated the problems of under-funded pension plans and we have got distortions in financial markets.

I think the danger of the implementation of the Volcker rule is actually--it could be too restrictive and increase the cost of especially corporate bond issuers.

the adverse consequences that we are already experiencing directly as a result of the extraordinary monetary policy is really problematic, I think.

The effect of a flat fee compensation system, I want to make certain that there will be analysis about the increasing costs or the increasing interest rates that may be charged consumers if you move to a flat fee financing system.

My understanding is that on a couple of occasions the Federal Reserve Inspector General has raised some questions about data security and controls on this data.