Evan Bayh: “The hope is to move progressively, with timelines and real consequences for failing to meet them.”

Capital liquidity standards, resolution protocols, how we handle derivatives, all those kinds of things, it is just important that we harmonize as much as possible.

And the more protracted this foreclosure problem, the more that delays recovery.

These men and women will be the builders who will be responsible for taking abstract concepts and turning them into a reality.

We have been hoping that this clearing process would take place, that we would get footing under the real estate sector.