A second area where we could improve market discipline is in affecting how market participants view what has come to be known as the too-big-to-fail problem. In this regard, I would emphasize that the FDIC Improvement Act of 1991, or FDICIA, contains rather tough language about too-big-to-fail – language that I assure you the Board takes very seriously.
Against this turbulent backdrop, which leads to a new risk assessment and tighter credit, Argentina has shown that it has the necessary exchange rate and monetary tools to provide its population with a horizon of solvency and predictability. In this context, the Central Bank of Argentina is like a chess player playing simultaneous games, since monetary policy cannot have an erratic or spasmodic behavior.