It's a step in the right direction.

But this is presumably for banks that wouldn't take the funds through another program.

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.

It's a very small fraction, isn't it?

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.

But Standard & Poor's, the rating agency, is giving you a bump. The bump is valuable.

But it's your view that Citi isn't getting that from its higher rating, it's not getting that benefit of being A rated?