Christopher J. Dodd: “I would be interested in your comments on that.”

To the extent whether or not, in analyzing this particular situation, looking back at Sarbanes-Oxley, are there any areas where you think we could, where that Act needs to be tinkered with in any way to address this particular situation.

I think the high rate at one point in the Nixon Administration is we were spending something close to 6 percent of the Federal budget on secondary and elementary education in this country, the Federal Government was.

We can come down to where we allocate resources and how we make choices between the issue of tax cuts for the top 1 percent of income earners versus investing in a No Child Left Behind bill.

So it is a very, very good point, and one that we should think about.