Kent Conrad actually said...

I think there was one part of it that was very, very wrong, and I regret deeply my own going along with it.

I believe it is a combination of a very loose monetary policy, a very loose fiscal policy, a very loose trade policy, all coupled with dereg...

I think derivatives, while probably the vast majority of it is completely legitimate, the part that was not was the assessment of risk.

All of us who participated in supporting that bear responsibility.