I will make one comment I do not expect you to respond to, but a skeptic might look at all this and say what was really at work here was a choice between an eventual orderly restructuring or a disorderly restructuring that could have been…

I am delighted they are talking about the capital standards, but this is going to involve different levels of domestic political pain depending upon the country.

Are they willing to actually follow through on those statements even if it is domestically somewhat uncomfortable for them?

Hopefully, they will keep ambiguity to a minimum.

the importance of strong Congressional oversight.

I note that estimates show that $5 trillion in bank debt may be coming due in 2012.

There are some disturbing reports that maybe they will not be quite as transparent as we might like because of what the results might show.

I think engagement with the European Parliament is another avenue for continuing our joint efforts to bring those standards up.

I hope your take-away from this when you go to the international forums in which you work with our counterparts is that you can tell them that the Congress is serious about convergence.

Providence, Rhode Island, has been a great story that has happened, not many years ago a place that was in real trouble.

I was not long ago--Jeff Merkley was here a while ago--a city that was in real trouble, and, again, with a light-rail system coming in, they made some very intelligent decisions.