I do sense there is a sincere effort, on behalf of our country, to end up with a bilateral agreement.

I think it is an agreement to agree down the road.

We do not need another ungoverned space, another country like Somalia, like Yemen, like Syria.

Maybe. But, it is so in keeping with his relations with Iran over the last decade that at this point, I am not getting too excited about it.

It was not very specific.

We have an interest in preventing even a largely dismantled al-Qaeda from rebuilding itself within an Afghan sanctuary.

I know that we have looked a lot at capital and, you know, how much capital is necessary.

So it seems to me that what we are already seeing out there is hedge funds and private equity and other folks who are willing to capitalize this system in such a way as to make it competitive and modular.

I think there is no question that you agree, as someone who spent a lot of time in this world, that we need to move past the system we have now where private sector investors do really, really well when the market is good, and then the…

I appreciate you having all of these hearings, and Ranking Member Crapo, and working with him to make that happen.

But my sense is, and I have read some quotes since those discussions matured a little bit and developed, it seems to me that the offer that he made was very exactly in line with 1217.

In my view, the Corker-Warner bill is a good starting point for thinking about how to keep the parts of the current system that worked, while eliminating the parts that proved problematic.