I think, at the same time, it's actually important for us to be very honest about where we are financially.

It will be very detrimental to the United States in proposing that, would it not?

I think this is a very, very important issue, and I hope we'll have more hearings on this topic.

I know that contractor abuse, as you know, has been a major issue there, or at least the discussion of it.

So much of the actions that we are taking as a Congress and as an administration to support some of these entities have to do with the fact that we really do not have any way to unwind them in a logical way.

This is really not a hearing necessarily about AIG but about how we regulate the insurance industry in general.

It's hard to imagine that one would consider that, and I hope that certainly common sense will make its way into this legislation in that regard.

I first of all support us using all types of energy in this country.

But what we will do as the Fed is we will stand behind the obligation so that in the event there is ever a credit issue, we will stand behind it.

I mean, is that a fair assessment? Because if you had just stood behind it, we would not have any money out.

I have a hard time understanding the systemic risk issue then.

The fact was that TARP money never was ever supposed to be used for something that was not buying something of value. So that was a huge departure, a huge departure.