I know a lot of my colleagues have brought up a number of the failings of the rating agencies, and clearly, in some of the products lines recently, that has been the case.

Now I will go save the republic and you can respond to Chairman Warner.

I would just like to make a request to the panel, because it is clear that the panel has got a lot of ideas here.

I do think there is--the notion of a separate division makes some sense, but in any large organization is not the bias going to be toward the larger institutions?

I think it is one of the great benefits here in the United States, one of the great forces for good and innovation.

I do think that is a valid point, that we sometimes look at the arbitrage in terms of banks that have actually switched charters.

If we could do it fairly quickly, because I do have another question I want to ask.

Should you have some?

I would love to see more specificity about how we can ensure community banks, smaller banks, are inside a single end-to-end regulator.

I would argue that is not really a consumer protection function in its traditional sense.

I think some of you all have raised some legitimate concerns.

One common theme from all of you has been--and I think accurately--reflecting that a great deal of the source of the crisis has come from the nonbank financial sector.

But wouldn't Senator Bennett's approach, that if you originated a product, then you have to keep it in there, that is not so much just protecting the consumer, but it may be also protecting this--putting some requirements of safety and…

Excuse me. Could I just, Senator Schumer, just ask the panel all to try to answer quickly...

I just don't want to see us, by default, allow the economic forces to define what the Postal Service will look like in the future.

I believe that any short-term steps must be taken in the context of consideration of the long-term business model for the Postal Service.

Should there be some concern that, with the best of intentions, some of the cost-cutting measures being contemplated or undertaken could prove to be counterproductive?

I may be a freshman but the light has stayed on red.