It just baffled me and drove the business types crazy. The stuff that OFAC was doing was important and made a big difference to their businesses, particularly if they got caught in the wrong place.

Foreigners have a whole pile of dollars. I don't know what we expect them to do with them.

A year from now we're all going to be embarrassed by this.

We're very concerned about it. ... It's going to cut off a lot of legitimate non-military trade.

It does a good job of defining the difficult issues we face with China, but its standard solution is to beat Chinese over the head until they comply. That approach runs the risk of undoing our policy of engagement with China, which has been the policy of the last five administrations.

It does seem like they're unloading this in the equivalent of a fire sale.

I think we're riding a wave of xenophobia.

Had we known ... then what we know now, we wouldn't have approved the license -- no question.