In the context of the Volcker Rule, you are still looking very, very closely at these differentials between European treatment of their sovereign debt and ultimately the way the Volcker Rule will treat it.
Reed emphasizes the need to examine differences in sovereign debt treatment under the Volcker Rule.
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I’m not a great mathematician, but I think you were talking about $1 trillion? I believe $1.5 billion times 10 is $15 billion. That’s a little bit off from $1 trillion.
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