Jack Reed actually said...

I would presume, and correct me, that those procedures, those appropriate procedures you described, were not being deployed very successfull...

Yes. Mr. Long, the same sort of set of issues about reliance upon information and being a captive of the regulated entity.

I will say, though, that in terms of really doing our job, if we sense that there are deficiencies and need to do more than the functional r...

Well, let me raise--because this has been publicly discussed.