I do think that we have to get away from this neither fish nor fowl situation where they are part public, part private.

I think another part of the reform package that is very important is the resolution authority and measures taken to address the too-big-to-fail problem.

Certainly Congress could provide guidance about what they would like to see shut down or make specific statutory recommendations or statutory laws.

Since the fall of 2008, I have advocated that Congress establish a statutory resolution regime that provides a workable alternative to Government bailouts and disorderly bankruptcies.

I think heading toward a 100 percent debt-to-GDP ratio would be very undesirable, particularly given the aging of our society and those obligations we are facing longer term.

I congratulate you on those contributions.

I think it would not be inappropriate if a supervisor determines that a company doesn't have the managerial or risk capacity to appropriately manage a particular activity.

I think that returning to a more market-oriented financial sector is a top priority and we are, in fact, doing that.

I do think that those large capital flows and the potential instability of those flows can be a risk to our financial system.

The Senate today confirming Ben Bernanke for a second term as chairman of the Federal Reserve but by one of the smallest margins of all time: the vote 70-30.

We cannot allow ourselves to be in a situation where the debt continues to rise, which leads to an unsustainable situation.

Until we restore employment across the country, we have not brought back the economy.

I think it is very appropriate to begin winding it down.

My concern is that, as you mentioned, Senator, the Fed's credibility depends on the market's perception that we are independent in making monetary policy decisions and we will not be influenced by short-term political considerations.

I thank you for the opportunity to appear before you today.

If there is not credit, then that affects the ability of people to buy autos and other goods and services.

It is my belief that if we had not acted, if Congress had not supported our actions to stabilize the system...

It is imperative, the most important thing that Congress can do is find a way to solve the 'too big to fail' problem.

I would not do anything. Those decisions are up to Congress.

Tough day for Federal Reserve Chairman Ben Bernanke at his Senate confirmation hearing for a second term.

I would ask the Congress to consider retaining the 1978 exemption, which is a very wise exemption.

The belief by market participants that some firms may be too big to fail has many undesirable effects.

The Federal Reserve remains committed to its mission to help restore prosperity and to stimulate job creation while preserving price stability.

As severe as the effects of the financial crisis have been, however, the outcome could have been markedly worse without the strong actions taken by the Congress, the Treasury Department, the Federal Reserve, the Federal Deposit Insurance…

The buck stops here, we are responsible for that and we are, if anything, continuing to strengthen, centralize, and continuing to work to make sure that that supervision is as strong as possible.