"I am not in favor of propping them up."
"I think the suggestions that each of you have made have been very helpful, but even after you make those changes, it is that lack of--it is that procyclical thinking that drove us to where we were."
"I think all of us understand today that we need to be more concerned about systemic risk."
"I think we have seen today that--and we have known for some time--Treasury can exercise--try to exercise influence over the organizations."
"I don't understand how you can cause those to measure up or how we could craft something that actually worked."
"I believe that making it independent and creating a new board, if you have three other regulators still in existence and everybody has got boards, I think it will confuse things."
"You do want to make sure it is as insulated as possible from any type of influences."
"The procyclical piece to me is a huge problem that you do not necessarily create by your formula."
"I happen to have fallen on their side of the equation and think that having any institution that is too big to fail creates tremendous problems."
"I am going to ask some questions that do not necessarily reflect my point of view but just to probe."
"We actually urge people in this country to use leverage, but we penalize equity."