“On the high are immigration, commerce, taxes, reforming authorities. I believe all of these possible fall above this situation. The problem – and we’ve been by way of this train a few occasions over the previous 16 years – is that it’s actually difficult, and it’s a few hundred billion {dollars} by way of the fairness stakes in these enterprises.”
Stakes are just too excessive to danger approaching the problem with an ill-thought-out plan, Fratantoni mentioned, with loads that would go improper in that case.
“It’s a six-trillion-dollar-plus market, so that you don’t need to mess this up,” he mentioned. “You need to do it very cautiously and methodically. And the draw back of getting it improper is basically terribly dangerous.
“There’s an upside of getting it proper – there are some advantages – however I believe it will take the complete consideration of the Treasury Secretary, of oldsters within the White Home to get this finished and so it’s going to depend upon what occurs with these different priorities and whether or not they have sufficient time and vitality to deal with this actually complicated endeavor.”
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