As for your choice of words here, maybe I'm picking a little bit, but I'm very interested in them, and I highlighted them a bit: “the priority is a common securities regulator with a more principles-based regulatory framework”. Are you telling me they're not principles-based, or what are you saying there? And what are you hoping to accomplish if they come back with a recommendation for a single regulator?
On June 16th, 2008. See this statement in context.