Well, whats the story with the Trowbridge proposals?
Ball: Well, after the Commission itself had tried a couple of times to make some kind of progress, and had more or less given up. . . . Interviewer: Oh, I’m sorry. Before you do Trowbridge, let me just ask you one question I’d forgotten about. Do you think it’s the case that either the members on the Commission or anyone else in this process was intentionally waiting until after the November elections before moving forward? Do you think people were holding back, saying, “Let’s wait and see what happens in the November elections before we show our hand?” Was that a factor in this? Ball: Yes. I don’t think Greenspan and I really tried to see if he could get an agreement from his side until after the election. Interviewer: Everybody was hoping the election would improve their position? Ball: Well, I think they realized that the members weren’t ready to set up targets before the election. They didn’t know who would be damaged by a proposal, and that it was just not practical to try. So Pep
