So we know for a fact credit is shrinking.

SBA loans are what portion of total small business lending?

When the Government says it's going to put programs in to do more SBA lending, do we have any sense of how much leverage that's going to create?

I would like to begin this morning by extending our sincere thanks to the City of Phoenix, the University of Arizona, Senator John McCain, Senator John Kyl, and Congressman Ed Pastor for hosting us and for helping to plan today's hearing.

Would the SBA be more effective if it became a direct lender again instead of working only through financial institutions?

we are strongly advocating financial reforms to prevent this situation from happening again, by assuring that no single institution can threaten the financial system.

Instead of that, why don't you concentrate on breaking Citi into more pieces, so that no one piece is too big to fail?

Citi continues to pose significant systemic risk. In fact, Citi is often cited as the poster child for 'too big to fail.'

I think it would be hard to make the case that we can see some date in the immediate future when Citi will not be too big to fail.

Can I shrink that up? It's not all U.S. businesses.

I will take that as a no, that we are not being paid for the guarantee that we are----