Jack Reed actually said...

I think some of the problems with the Basel II, particularly, were the ability to rely exclusively on credit ratings for securitized product...

I will concede, it is a difficult problem, but sometimes you have got to send a very strong message.

until I think you make it clear that this is an important objective, we will get a lot of motion and not a lot of results.

We are in the midst of this great residential and it goes right to the core of economic confidence and ultimately consumer demand.