Foreclosures continue to be very high. There have been sincere government efforts to try to address the problem.

I think in some cases that has been the case, and that as I have said, the Federal Reserve, we understand--we have a responsibility to keep banks safe and sound as best we can.

Nobody doubts the United States has the economic capacity to pay its bills. It is really a question of do we have the political will to do that.

I do very much urge this committee to look for strong and credible actions to control the Federal debt.

We do have a plan, and like--I have tremendous respect for Chairman Volcker.

I do think that an important priority for us as a country and for the Congress from a fiscal point of view is to think about what we can do to achieve better cost efficiency in the health care area at the same time that we do what we can…

It is really a question of do we have the political will to do that, and demonstration of the political will, that is what the markets are watching.

It is not our intention to do anything in particular on the international front.

It would be the better part of valor to take action now to make sure that we do not get too close to that point.

monetary policy independence is very important for the stability of our economy and our financial markets.

We've only gotten about a million of them back so far. And that doesn't even account for the new people coming into the labor force.

It depends on the income from the property, not the collateral value.

Federal Reserve Chairman Ben Bernanke says the Fed might take new action to give the economy a boost due to high unemployment.

Remittances are an important contact point between many unbanked, particularly immigrant families and the financial system.

I think it is important for all of us to work together to make sure that those gaps and emerging risks are identified.

We are certainly seeing movement in the right direction in our banking system.

I know from a political point of view that American taxpayers do not want to be on the hook for these kinds of bailouts in the future.

We want to have market discipline. We want to lenders to, large firms to believe that they can fail and therefore to take due care to make sure that the firms they are lending to are not taking excessive risks.

I think it is moving in a very productive direction. It has strengthened capital, raised capital requirements, improved the quality of capital which is very important.

Yes, I think we have made a lot of progress.

The Dodd-Frank Act will help ensure that our financial system becomes safer, stronger and, just as in the past century, the world leader.

It is very important that they understand the services that they are receiving and what the terms of that service are.

I think it is very important for a lot of good reasons.

I think it was a very important achievement.

A sharp near-term reduction in our fiscal deficit is probably neither practical, nor advisable.