I think, on these things, what we have got to do is try to stimulate money back into the marketplace.

one thing that did come out of that debacle that was worthwhile was a move to a more transparent and public ownership of both debt and equity in commercial real estate

Prices have fallen by more than 20 percent since peaking in late 2007, and my guess is there is still further downward trending taking place.

the lending rates both in terms of interest and time are so severe that it makes the property almost become a nonperforming asset

there is just not much of a market that you can establish at this point in time

So unemployment is not projected presently to pick up until middle part of next year, I don't think.

We need to look at what it is that is taking place and what policy issues we can address to try to make it better or at least not as bad as it could possibly get.

I appreciate, Mr. Parkus, your assessment. That is one of the more bearish ones I have heard in this climate, but I am not discounting it.

I think this is one of the most important issues for us to keep our eye on at this point in time.

I want to thank the chairwoman for doing that, and I promise I won't do a coup here.

the only thing that is selling is something at a real fire sale or distressed, somebody just dumping on the market

Now, my experience again on these things, everybody is bottom feeding, if you will, on these...