It is a very important new capability for America to have true multimodal planning for transportation.

We have an obligation to make sure that if the passenger trains are operating, that they're operating on time.

It's great that he's here to talk about the national system.

I just want to recognize Governor Rendell, who also is someone with whom I've worked a long time.

I just think coming to some realistic terms with the freight rail carrier is going to be in everyone's interest.

I think it becomes even more important to have the national part of the system also have the opportunity for high-speed rail to connect into Amtrak.

As long as you do not require a person who originates a mortgage to keep part of it, you are going to have problems.

Your commitment to building this research enterprise must be recognized.

Every one of us who was here last fall feels that we were misled by the original intention of the Troubled Asset Relief Program.

I am conflicted about the independence, which I think has served us so well through the years, but yet the potential compromising of that by going into more regulation.

I hope we will be mindful of this and tread lightly when it comes to considering new regulations or restrictions on this industry.