We have to get back to 'good regulation.' Maybe we even have to go a little beyond that and say, we need to get back to good values.

If we are going to let entities get so big with so many counterparties, then we have to have a regulator.

If we are serious about promoting economic stimulus and recovery, then we must address the credit crisis that is paralyzing our state and local governments' capital programs.

Who says that the government should have a role in ownership of real estate?

No. No. The repeal of Glass-Steagall had absolutely nothing to do with the debacle...

It is when securitized mortgaging left government-regulated entities, went to Wall Street, and Wall Street discovered a way to sell crap for a AAA rating.

Could we knock those words out of our vocabulary? It is going to happen again regardless of what we do.

You think if we have a private institution the size of $5.6 trillion, that there is not an implicit statement that the United States Government has to come in and rescue it when it fails or else it brings the entire system down?

Let me ask you this: Are we just going to be putting a patch on a tire as we come out of this? Or are we going to get the opportunity to focus and really make fundamental corrections to the system?

Ultimately, we need to see this conservatorship have a time certain to end, and transition these Enterprises back to the private market.

We can fundamentally change some of this system to make it fairer, better, and more equitable.

I absolutely have faith in government.

What obligation does the Federal Government have to do anything?

I believe this legislation is vital to maintaining the health and stability of our financial systems.

We need to address this problem as part of our efforts to reform the financial system to ensure financial products are adequately examined and restore investor confidence.

I think credit swap derivatives have been an accurate predictor of credit risk, and more so than credit ratings.

I believe that the government must continue to wean investors off being solely reliant on credit ratings and encourage them to conduct their own more due diligence.

Federal regulation has not proven to be a panacea.

They are free marketeers, and yet they want us to do something about underwriting their risk.

I think there needs to be substantially greater oversight of financial institutions.

We must also take bolder steps to provide greater protections for consumers and improve industry responsibility.

if an agency is empowered to regulate systemic risk--it could apply to auto manufacturers as well as anyone else--Congress is handing over a blank check to a government agency, and that would be a very bad precedent.

We are creating more systemic risk. It was what ruined the Japanese financial system back in the 1990's.

I do not think at the end of the day, Congress wants to see net revenues to the U.S. Government go down as a result of tax policy.

I think probably with systemic risk, after the fact, we seem to all know it when we see it, but before it arrives, we have no idea.