If you are caught with an ounce of cocaine, the chances are good you are going to go to jail.

So whether or not you could revoke the charter depended on what the Justice Department did.

A bank that launders drug money or terrorists' money can be shut down, and individuals in the bank can be banned from banking.

In your opinion, how many billions of dollars do you have to launder for drug lords before somebody says, 'We are shutting you down'?

So you have no opinion on that? You sit in Treasury, and you try to enforce these laws.

Well, it is somewhere beyond $881 million of drug money.

I do not believe the political consensus on the GSEs is going to emerge imminently.

But what does it mean to reform FHA if you are not going to reform Fannie and Freddie at the same time?

I am concerned about approaching reforms in one without approaching reforms in the other.

I just wanted to give an opportunity to Dr. Cubanski, Dr. Goodman, and Dr. Thorpe, if they wanted to comment on the question I had earlier about how the Affordable Care Act changes have reduced costs and show paths for future savings that…

I think until we switch this mentality of having the budget drive health policy to one where we have health policy driving the budget outcomes, that is the transition we need to make.

Thank you very much, Mr. Chairman, and I want to join Ranking Member Collins in saying it is very gracious and very generous of you to permit others to take on the questioning first, and to say I feel much safer asking my questions knowing…