There was a decoupling. There was short-term decisionmaking as opposed to long-term decisionmaking and a decoupling of risk and the consequences of running those risks, which perverts the kind of decisions that are made.
Bayh discusses the negative impact of short-term incentives on corporate decision-making.
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Well, and if they have to be focused on capital preservation, then obviously they are not lending, and that is yet another drag upon the recovery, isn't it?
And the more protracted this foreclosure problem, the more that delays recovery.
I think it is important with regard to Volcker and some of these other things that you look at what was said.