Jack Reed actually said...

But here, again, I think Senator Shelby's comments go right to the heart of what our job is.

But here is the situation. You have a prominent fund that miscalculated, in the case of the experience in 2008...

That is a possibility, and specifically it is addressed by Congress in Dodd-Frank.

But that essentially--I mean, we are getting to sort of what this all might ultimately rest upon--is the Federal Reserve stepping in.