I would hope it would be public.

I will say, though, that in terms of really doing our job, if we sense that there are deficiencies and need to do more than the functional regulator is doing, we do reserve the ability, I think--under Gramm-Leach-Bliley, in fact, by…

If we could keep Manas that would be great. If not, we do have other options.

Our allies in this effort cite the situation of easy access to firearms in the United States as a major threat to their stability and consequently as a major national security threat to the United States.

We depend on that when it's fully up to be about 40 percent to almost 90 percent of the movement of passengers.

Thank you for holding this important hearing as we begin the process of reauthorizing our nation's surface transportation policy.

I think we need a new, more stable funding mechanism for transit across the country.

It seems to be absolutely counterintuitive.

I think all the questions so far have suggested that we are on the verge of a significant change in the way we fund transit projects and transportation projects.

We have to take strides in this nation to make sure that our big cities--can avoid that to the greatest extent possible.

I would just urge you to take another look at that during authorization.

One other way, I think, that would link operating assistance would be to those systems that are environmentally advanced.

I want to thank Professor Coffee for his kind words about our credit rating legislation.

this omnibus we are debating contains an additional $38 million for the Securities and Exchange Commission and the proposed budget of the President is around a 13 percent increase over the 2008 marks going forward.

I share your concerns about Basel II. I think that is clearly part of the causal fabric here for our crisis.

The Fed does not have the authority to simply expend taxpayer dollars.

Mr. Chairman, I am very interested in hearing the witnesses assembled. We have an impressive panel.

You say that the biggest fault of OTS was not recognizing the magnitude of the situation developing with respect to credit default swaps.

I am alarmed, because if the Fed has that position, it seems to contradict exactly what Mr. Polakoff said he did.

maximizing the effectiveness of competition

I think also the ability to react to the ups and downs of the market is going to be critical.

I think that point has to made over and over again, because frankly, people, they are struggling and they are doing their best.

Thank you very much, Mr. Secretary.

One of the fundamental aspects, I think, of our recovery is stabilizing housing prices and then beginning to get people to go back to work.

I think there is another message that has to be continually communicated, not just by yourself but by the President.