Clearly, what you didn't mention, as far as positive impacts, was employment.

Clearly, I think all Americans agree that the status quo is unsustainable over the long term.

I guess, Mr. Chairman, then the question is, yes, I would hope that if one committed $1.1 trillion, when you add in debt service, some good would come from it.

I'm not completely convinced we're not kicking the economic calamity can down the road for future generations to deal with.

Over the course of these last couple of hearings and listening to some of the opening statements, it is clear that we are witnessing a clash of principles, and there is much at stake.

The underlying assumption is that our economic turmoil has somehow been caused by lack of regulation.

First of all, it certainly would seem to enshrine us as a bailout nation.

This Office of Consumer Financial Products, we would call it financial product polit bureau that ultimately will decide whether Americans can have credit cards.

By designating certain firms as systemically risky, we almost guarantee that there will be more Fannie Maes and Freddie Macs.

It is not always more regulation that counts; it is perhaps smarter regulators and smarter regulation.

Unelected bureaucrats will now decide for us what mortgages we can have.