The impasse is that what we're saying the North Koreans, 'Look, we're ready to talk to you but you've got to take some concrete steps towards denuclearization. Stop sending those missiles out. Stop detonating nuclear weapons. Behave responsibly.'
Richardson discusses the current diplomatic impasse with North Korea.
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But the sanctions that have, I think, bitten--that bite the most have been the coal, the uranium, the oil sanctions that are imposed now by the U.N.
I think we at the Commission recognize, as we have over the years, that we always have to keep up with very dynamic changes in our industries that we regulate.
Perhaps a vaguer statement that says tensions are less and the war is over, OK. Maybe. But not as a tradeoff unless there is substantial denuclearization.
But, yet, China and Russia are cheating and so what we wanted to do is go after the bigger banks.
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