The procyclical piece to me is a huge problem that you do not necessarily create by your formula.

We actually urge people in this country to use leverage, but we penalize equity.

I think all of us understand today that we need to be more concerned about systemic risk.

I happen to have fallen on their side of the equation and think that having any institution that is too big to fail creates tremendous problems.

I don't understand how you can cause those to measure up or how we could craft something that actually worked.

You do want to make sure it is as insulated as possible from any type of influences.

I think you have just given evidence as to where the real political clout is.

I think we have seen today that--and we have known for some time--Treasury can exercise--try to exercise influence over the organizations.

Unless the mandate is changed.

It just seemed like a no-brainer that that mandate would be changed to allow them to be far more productive.

The gender-based violence is unacceptable. And we are working very hard, with our humanitarian groups, NGOs, to stop this, because it's not right, and it has to end.

So, we're cutting our nose off to spite our face, today.