I think engagement with the European Parliament is another avenue for continuing our joint efforts to bring those standards up.
Evan Bayh
The Public Record
U.S. Senator from Indiana
I note that estimates show that $5 trillion in bank debt may be coming due in 2012.
There are some disturbing reports that maybe they will not be quite as transparent as we might like because of what the results might show.
Are they willing to actually follow through on those statements even if it is domestically somewhat uncomfortable for them?
I am delighted they are talking about the capital standards, but this is going to involve different levels of domestic political pain depending upon the country.
I want to clarify this language would allow banks to maintain an appropriate dealer inventory and residual risk positions, which are essential parts of the market making function. Without that flexibility, market makers would not be able…
Providence, Rhode Island, has been a great story that has happened, not many years ago a place that was in real trouble.
I was not long ago--Jeff Merkley was here a while ago--a city that was in real trouble, and, again, with a light-rail system coming in, they made some very intelligent decisions.
They feel like they have been let down by this Administration and I feel like they have been let down by this Administration.
I am not accustomed to being promised things by high-ranking officials that then are not fulfilled.