Evan Bayh: “The Fed, though, is now engaged in some rather extraordinary efforts, which I support, to prevent a lapse back into a…”

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.

I want to compliment you on that.

Only Congress could come up with a situation like this where you have to give your recommendations about implementation of the rule.

I was really heartened to hear about the sort of tension about more transparency.