As we update the rules, it should be possible to achieve better outcomes--both providing banks with the greater clarity and predictability they seek while also facilitating better provision of credit, investments, and banking services in low- and moderate-income areas. There are several outcomes that we will work toward in the interagency rule-writing effort.
We will go through difficulties in the short term. Tough decisions have been taken and we will continue to take them. Market condition must improve. We have made the point, and will continue to make the point that there are lines in this country that cannot be crossed.