Jack Reed actually said...

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.

If we cannot effectively sort of deploy these regulations in a timely way, it seems to me the only stopgap for the uncertainty is increased ...