had we not acted, we would be having a very different conversation in this room today.
Clarity is very important, the transparency you are talking about.
Thank you very much, Senator.
I would hope there is no additional authority that you need at the Fed in order to be able to exercise that authority.
AAA-rated bonds out of municipalities for schools and hospitals has got to be at least as creditworthy as a student loan...
I think part of this is that, remember, we do have a legal procedure.
The announcement of the stress itself has, I think, created stress in a sense in terms of how the private sector looks a...
I believe the authority exists under the Congress for you to be able to do that under TALF with municipal issues.
It would seem to me you have all the authority in the world.
We need to be careful to make sure we are not going to contribute to the very outcome we are trying to avoid.
I don't welcome that at all, but I can see how it's possible that may happen. I think that's unfortunate, but it may com...