Mark Warner

My hope is you will, one, as my time ticks down, look at streamlining all programmatic areas within the Commerce Department.

I thank the Senator. But reserving the right to object, is that before or after the remarks of the Senator from Oklahoma?

Reserving the right to object, I believe I was listed in the queue a bit earlier than that, but I only have a 3- or 4-minute statement. I do not mind trading off, but I, similar to others, was told the time was right after the vote that I…

This DATA Act that Senator Warner has introduced and I am the cosponsor of we think is helpful because we think it does create more transparency

How does this pass the smell test? Why isn't this information more known that we have a system that is so kind of out of whack?

I was originally hoping that we would move towards even greater requirement of moving towards a more single financial standard.

I believe very strongly that our Federal Government-- and I did not come to this totally as a neophyte.

You cannot get good value for your dollar if you have got limited resources that we have around wind energy spread amongst 82 different programs in six different agencies.

We have got to do a better job of figuring out and decoding for the American public, how our Federal dollars are actually spent and what kind of value we get for the buck.

I want to thank Chairman Murray for allowing this task force to continue.

One of the things that I find that is so frustrating is we do not measure these programs' effectiveness against each other.

This should be an area where I think there should be a great deal of bipartisan accord.

I want to also acknowledge my good friend, Senator Crapo, who I have spent countless hours as we have talked about how do we get our spending and debt and deficit under control.

Reserving the right to object, simply as someone who has spent an awful lot of time on this issue, both sides need to be willing to comprise. We need to deal with both the revenue side of this challenge as well as the entitlement reforms…

It seems like we do not go 6 months without another crisis/scandal coming out of the banking industry.

I think progress has been made.

It sure as heck would not be the single--what comes out at the other end would not be the entity that goes in on the front.

One of the things I find curious is that even before we see the completion of the living wills process, which I share, again, some frustration that we are 4 years after the fact and the process is not completed.

To me that does not sound like a bailout.

We believe that is the case, that there are actually incentives associated with the bankruptcy process as compared to OLA.

Our preference is bankruptcy, but that in the last crisis, bankruptcy just was not able to be used.

Well, we have got to be sure that there is enough at the foreign holding company level to protect the American interest as well so that they are not simply taking care of their own respective domestic challenges in a preference over…

I would just say that a number of my colleagues... continue to believe that for our largest institutions they need to have sufficient capital standards.

And if they were getting it right, wouldn't that, Mr. Davidson, get to the point in terms of the whatever that private capital, first risk dollar is?

Any others want to weigh in on that?