Jack Reed actually said...

"But that would be very disturbing if, in fact, market information was much different than what regulators had."

"But it seems to me that because, as I understand it, they are--using approximate data is a lot cheaper than using a detailed study and there are budget pressures so that we have built in a disincentiv..."

"Has there been any discussion or thought about trying to develop a joint enterprise to do this with the private sector, with State governments, with county government?"

"I want to thank you, first of all, for your assistance last year for the floods in Rhode Island."