So, Clough is speaking at cross purposes to Magaziner's point. THis line of pursuit is not a wise one in that it inevitable that there is going to be a separation and the Registration Database must be part of that separation by negotiated agreement.
Settlement is one thing indeed that is important.
Sharing the Registrationdatabase is at least as important. Agreed, and that cooperation is a two sided coin. One cannot have one side cooperating without the other doing the same. If this is not done, than you do NOT have cooperation by definition. And we still have far too much of this continuing.