This bill includes important provisions to encourage better information sharing among real estate professionals.

So I guess my plea as you go forward is one for precision and for paying very close attention to what effect this might have on liquidity at the local level.

I was there and I know it, and so having lived it, I have seen it, and still I am deeply worried about the unintended consequences that might arise here.

You never fix serious problems unless you actually acknowledge that we have one. And we have several.

I wonder if you could take the last couple minutes of this time to talk about how you see our relative position vis-a-vis Europe and other places, the political risk of our not accomplishing what we need to do on the fiscal side, and the…

The one thing to keep in mind about the fiscal cliff is it may not wait until December 31st.

I think it would be better to do something now so we do not create additional uncertainty among businesses and consumers.

I am not for any more regulation than is needed, and I share some of the skepticism on the other side about the ability of the regulators to keep up with what is going on in the capital markets.

Can I just--I am sorry to interrupt, but the first step is to determine the nature, but the second step is to determine the risk--the attention to risk in the institution.

I think all of us believe we want to have as efficient a capital market as possible, a profitable capital market, a secure capital market in this country.

How do you view that risk right now as you are sitting here?