I see the economic crisis having been--no one person or one group is to blame. It is all of us, if you want the truth.

But I have no interest whatsoever in driving up your costs on unnecessary, duplicative regulation. That is stupid. I am not interested in that.

I believe the government has a role to play in drawing lines, saying, 'You can't cross this line,' for a lot of people.

And in the end what ends up happening is you end up having lots of regulations that are not enforced--which I also think is probably one of the biggest problems we have.

I happen to think that, no matter what the number is, I think our infrastructure system is crumbling, and we are turning into a Third World country over time.

Recognize that the success of dedicated funding, financing methodologies, and partnerships are all dependent on the identification and stability of long-term supporting revenue streams.

I am not for overregulation.

I think those funds were being used for public purposes. And they have now been diverted to essentially private purposes by building up the capital of the banks.

So for me, regulations are about saying, 'Here is the line. Nobody can cross it. And therefore everybody is on an equal playing field.'

You are telling me that it is not a result of the FHLB policy; it is a result of the market?

I think the Home Loan Banks do an excellent job overall. And I just want to say thank you on behalf of my constituents and myself for what you have done.