Richard Shelby actually said...

The Fed is the central bank, supposed to be the lender of last resort. Now it has become the lender of first resort, it seems to me.

I hope we will not rush to consolidate all the bank regulatory systems. But I do believe that we need to go down that road and we need to do...

It has to be done right, though. You will have some lawsuits.

Along these lines, it is my understanding of the legal--you have got a first mortgage, then you have got a second mortgage.