To me, that is just, to use another phrase, penny-wise and pound-foolish.
We need the jobs now still. My State is still at a very high unemployment level.
And the glacial pace of getting to that, they kind of never catch up because they are not nimble enough to get the work done in time to have...
I am completely supportive of Chairman Boxer's effort to try to get this moving before we end this session.
I think he has been here the longest.
I am captivated by your 34 to 1 return on investment ratio, and would invite you and any of the other witnesses who have return on investmen...
Are you worried, Mr. Sullivan, that given the backlog at the Corps and the glacial pace at which many Corps-authorized projects proceed, you...
Senator Shelby was just as astute when Basel II was before the Committee.
One of the flaws with Basel II was that there was a great deal of reliance on internal risk models, that banks were essentially grading them...
Indeed, but one of the problems which I think we mentioned with Basel II was that banks were--they were categorized, but they were the ones ...
We do not have any legal obligation. It is not a treaty.
And that is something that we have had in the United States, but this is a new aspect for Basel III for the whole community.
Are our markets still fair? Is everyone playing by the same set of rules?
But our marketplace has been evolving very quickly and it is not clear that our rules have kept up.
I think, again, just to say, this is an issue that will not go away.
Most of us consider American capital markets to be the best in the world.
I think what you have really exposed is the complexity of these issues, and there are not just one or two.
I would like to be able to, with the concurrence of my colleague, Senator Crapo, do additional hearings.
