Evan Bayh: “Moral suasion doesn't seem to be enough in some cases.”

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?

The Fed, though, is now engaged in some rather extraordinary efforts, which I support, to prevent a lapse back into a more sluggish economy.

if there are Americans who are willing to lay down their lives for our country and make that kind of sacrifice, and we can enable them to be that kind of patriot without harming our national security, not only is it better for them, it is…

I think it is important with regard to Volcker and some of these other things that you look at what was said.