Jack Reed actually said...

I was listening closely to the recollections of both you and the Ranking Member about September 2008 because I was also there.

But having done all this work, that reaction was not irrational, given what they were seeing in the marketplace, given the contagion, given ...

I think so far this has proven to at least stabilize the situation, and in fact, I would argue, has probably avoided a significant financial...

Thank you. Turning now to fuel-efficiency standards, we are already extremely sensitive to rising gasoline prices.