The Armenians receive assistance from Iran, and so it would make sense if Azerbaijan could access Israeli weaponry and training. Clearly, neither Armenia nor Russia are sincere about ending the occupation of Nagorno-Karabakh.

The vast majority of the largest U.S. banking organizations already issue subordinated debt, and this debt does provide some market discipline and transparency.

The subordinated debt issued by Fannie Mae and Freddie Macis notcredibly unprotected and of sufficient size.

This statement supports the move towards greater reliance on internal ratings, but market discipline should be reinforced by a mandatory subordinated debt requirement.

The Committee is concerned about increasing interference with independent accounting standard setting and recommends separating accounting standard setting and financial reporting from measuring regulatory capital for financial institutions.

The Committee believes that a properly structured CoCo requirement could have important incentive benefits that would nicely complement the new higher minimum capital requirements.

We should aim in the long term for a housing finance sector which is principally a robust private market, and one in which you can be either a private company, or you can be a government agency, but you can't be both.

The government should become a subordinated investor in Fannie Mae and Freddie Mac, buying a significant amount of the senior subordinated debt.