I hope so.
Governor Carney is in very good company. It isn't just Governor Carney, of course. It's the minister, Mr. Flaherty. It's Superintendent Dickson.
Their counterparts around the world—in the United Kingdom it's the Chancellor of the Exchequer, it's Commissioner Barnier in Europe, and authorities in Japan—have all said the same thing.
I used the phrase “preponderance of opinion”. Our hope is that the preponderance of opinion will weigh upon the authorities in the United States. Quite frankly, when we read Chairman Bernanke's comments last week, we saw that he said, in effect, “Look, we get it already”.
We're going to have to go back, I hope, to the drawing board. But at least we're going to have to go back and take seriously those comments.
They're not going to meet their July deadline. That's good news, because they're going to have to rethink those....
Thank you for that question. It's a very important one.