Jack Reed actually said...

Well, we need the nomination so then we can go along with the confirmation process.

Until, from my view, until we stabilize housing prices, begin to deal with the foreclosure issues, we are not going to have the foundation.

part of the FSOC's mission is to understand systemic risk, to try to anticipate growing risk.

I would just regret immensely if that nomination was not moved with deliberate speed.