But on those, then, understanding that you look at corporate financial statements and those kind of things, but on these other types of asse...
I do wonder whether we should consider a different payment mechanism, where in essence the credit rating agencies have skin in the game over...
I believe that making it independent and creating a new board, if you have three other regulators still in existence and everybody has got b...
I think all of us understand today that we need to be more concerned about systemic risk.
You do want to make sure it is as insulated as possible from any type of influences.
I think you have just given evidence as to where the real political clout is.
I happen to have fallen on their side of the equation and think that having any institution that is too big to fail creates tremendous probl...
I don't understand how you can cause those to measure up or how we could craft something that actually worked.
The procyclical piece to me is a huge problem that you do not necessarily create by your formula.
I think we have seen today that--and we have known for some time--Treasury can exercise--try to exercise influence over the organizations.
I really appreciate what Paul Volcker has said about that recently.
I think the suggestions that each of you have made have been very helpful, but even after you make those changes, it is that lack of--it is ...
I am not in favor of propping them up.
I am going to ask some questions that do not necessarily reflect my point of view but just to probe.
We actually urge people in this country to use leverage, but we penalize equity.
Unless the mandate is changed.
So, we're cutting our nose off to spite our face, today.
Thanks, Madam Chairman. Let me welcome Senator Warner, especially, and the entire group of witnesses. I look forward to that.
