Ben Bernanke actually said...

We have already seen the stresses we saw in September. In September, we saw AIG and Lehman and other financial firms under great pressure.

I think it is very urgent that we look at these issues and make some tough decisions.

They did not have the capacity to deal with a global insurance company whose failure would have devastated the financial system.

I think addressing those entitlement issues in an effective way is an incredibly important issue for this Committee.