We do hope that this nomination will be moved expeditiously.

I join my colleague and good friend, Jim Webb, in wholeheartedly endorsing Justice Keenan for this very important position.

I think President Obama made a wise choice in nominating Justice Keenan for this seat on the Fourth Circuit Court of Appeals.

my fear is, again, that banks are not being willing to bite the bullet.

I know my time has expired, but does that mean you will come back with some specific suggestions by some date certain?

At least some consistency on some answers. Thank you, Mr. Chairman.

I share Senator Corker's concerns about the resolution authority, and we may get a chance to come back to that.

I think we would be very anxious to work with you to accomplish----

I think it would do a great deal for the Administration and I think it would do a great deal for the confidence of the American taxpayer if these equity interests were being managed to maximize our value.

I hope when we get the regular updates on the loan modification program we can also get the regular updates on this program.

There was sometimes validity in the rating agencies when you were looking at State bonds and others, that they did provide that independent arbiter service.

I know a lot of my colleagues have brought up a number of the failings of the rating agencies, and clearly, in some of the products lines recently, that has been the case.

Now I will go save the republic and you can respond to Chairman Warner.

I would love to see more specificity about how we can ensure community banks, smaller banks, are inside a single end-to-end regulator.

One common theme from all of you has been--and I think accurately--reflecting that a great deal of the source of the crisis has come from the nonbank financial sector.

If we could do it fairly quickly, because I do have another question I want to ask.

I think it is one of the great benefits here in the United States, one of the great forces for good and innovation.

But wouldn't Senator Bennett's approach, that if you originated a product, then you have to keep it in there, that is not so much just protecting the consumer, but it may be also protecting this--putting some requirements of safety and…

Should you have some?

I do think there is--the notion of a separate division makes some sense, but in any large organization is not the bias going to be toward the larger institutions?

I would argue that is not really a consumer protection function in its traditional sense.

I think some of you all have raised some legitimate concerns.

Excuse me. Could I just, Senator Schumer, just ask the panel all to try to answer quickly...

I would just like to make a request to the panel, because it is clear that the panel has got a lot of ideas here.

I do think that is a valid point, that we sometimes look at the arbitrage in terms of banks that have actually switched charters.