So this means that right now, two-thirds of the servicers are likely to go along with this plan for those mortgages that meet the guidelines and the guidance that you have put out, is that right?

Isn't it true that smaller institutions can cause systemic risk because there are counterparties, it is almost like a ping-pong ball bouncing from one place to another?

This time our recession is being caused not by rising interest rates but, rather, a massive credit crunch.

There are a lot of institutions with no capital standards, but they were not banks and regulated by you, who used huge leverage, 30:1, 40:1, 50:1.

That is why the American Recovery and Reinvestment Act is so essential.

Such neglect allowed for and even encouraged a problem that began in the subprime mortgage market to spread throughout our Nation.

But the same type of situation that we saw with Springsteen, this is not the first time it happened?

You know, one of them might not have caused the problem, but a whole bunch did.

Saying that we will be back moving forward in 2010 is pretty much a V theory, not an L theory, if we stabilize the system.

But you do not rule out some regulation of the smaller----

Again, submit those in writing, OK? But the writings are under oath and all of that, so we know they will be accurate and all that.

Bruce Springsteen says Ticketmaster abused his fans, and I agree with the Boss.

I have made no secret of my opposition to this merger.

Good for you. Maybe Mr. Azoff will come to your wisdom at that.

Competition is a win-win situation because it is great for consumers. Antitrust helps to keep that system in force.

Well, I could not afford it. I can barely afford to buy one ticket on TicketsNow.

In fact, am I correct that Ticketmaster is the only primary ticket seller that provides a link to a secondary seller that it also owns?

We need answers, not apologies, and I hope in this hearing we can hear specific answers as to what happened here and why it will not happen again.

I will ask unanimous consent he be allowed a day to submit that in writing?

Is it your view--yours, not your board's, not the company, but Mr. Irving Azoff's--that Ticketmaster should sell TicketsNow?

So submit that in writing.

How do we deal with the leverage issue for non-depository institutions is what I am asking.

Ticketmaster never should have gotten into the secondary ticketing business by buying TicketsNow to begin with.

But it didn't--but it happened before, right?

In fact, Ticketmaster stands to gain more in fees and markup from tickets sold on TicketsNow. Isn't that correct?