MICHAEL GRIMM: “I agree with you that after a hurricane, to rebuild just the way it was doesn't make sense.”

I can tell you as a fact, there is no question in my mind that the container terminal is on life support.

Would you agree that if the E.U. does this exemption, it would limit the competition in services for U.S. businesses in an undesirable way?

I completely understand the need for actuarially-sound programs. But I think where we are missing it is the balance between actuarially sound and functionally and practically sound.

Smaller banks can't compete--they can't keep up with the administrative costs of all of the rules and regulations.