Evan Bayh: “One disturbing trend which could exacerbate the overall readiness of the Services would be funding cuts to operation and…”

The reason for the study, as I recall, was that many of us understood that there was a potential risk here that probably had to be dealt with.

Capital liquidity standards, resolution protocols, how we handle derivatives, all those kinds of things, it is just important that we harmonize as much as possible.

It has been a privilege for me to work with you.

If they become significantly affected by this, does that present a systemic risk of some kind?