It was the first show of its kind to aggressively acknowledge the overlap between actual reality and mediated reality.
"He reacted aggressively," he acknowledged to Mr. Riley.
These changes, however, even if fully acknowledged and aggressively executed, will leave three serious challenges unaddressed.
The tradeoff of pitching so aggressively, the Twins acknowledge, is that with more balls in play, they tend to allow more hits.
In moving so aggressively, the Fed chairman implicitly acknowledged another reality that has often been lost as his stature as master of the economy has grown: setting interest rates is an extremely tricky business, one that is subject not just to errors in judgment but also to rapidly changing economic conditions.
Mr. Viniar said he did not think that GEO and Global Alpha's poor performance would alter the firm's strategy to continue aggressively building hedge funds, though he acknowledged that investors were probably not happy with recent performances.
"The report released today reflects areas the Interior Department has already identified, acknowledged and spent months working aggressively to reform," said Kendra Barkoff, the department's press secretary.
But Mr. McCain's advisers made clear that their candidate would continue to campaign aggressively in those states, even as they acknowledged that their options were limited.
At the Senate Banking committee hearing, David S. Cohen, the Treasury undersecretary, acknowledged that regulators had not aggressively pursued individuals "who are responsible for the conduct that has resulted in fines and penalties against the institution itself".
But he acknowledged that funds have an incentive to aggressively push homeowners into federally guaranteed loans, since the investors get their money back as soon as they complete the refinancing.
