by Calculated Risk on 9/23/2008 11:51:00 AM

A few quotes from Secretary Paulson's Testimony:

"I believe we need oversight. We need protection. We need transparency. I want it. We all want it."
...
"I am convinced that this bold approach will cost American families far less than the alternative - a continuing series of financial institution failures and frozen credit markets unable to fund everyday needs and economic expansion."
...
"I'm frustrated. The taxpayer is on the hook. The taxpayer is already on the hook. The taxpayer is already going to suffer the consequences if things don't work they way they should work. ...The best protection for the taxpayer is to have this work."