So let me make sure I understand. So there are some abilities to stand the organization up, but I think what you are stating today is there is absolutely zero ability to make rules as it relates to consumer protection that relate to the…

I think a lot of it is because investors just do not have confidence to start it up again.

I appreciate the way you have conducted this Committee for the entire time I have been on it.

I wonder if you would expand upon that, because I think a lot of us think that during this transition there absolutely is no rulemaking authority until it is actually transitioned.

I just came from a meeting with Chairman Bernanke talking about our debt situation. I know we have a Deficit Reduction Commission right now that is working on that and will have a report due on December 1. But I think everyone in this body…

I cannot imagine anybody likes it the way that it is today.

This whole issue of securitization was one that I think we were all trying to understand how this 5-percent retention would work.

ROADS SAFE has been included as part of the Motor Vehicle Safety Act in both the House and the Senate.

We are very hopeful that Congress and the Senate particularly will not only introduce that, but get it passed.

Well, it just seems to me that it would be relatively simple for you all to--I mean, we are not going to do a lot of fine-tuning.

I think everybody actually wants to see the involvement that Government has in guaranteeing loans decrease.

I guess my only concern in closing is we end up with these things like SGR that never go away, AMT fixes that never go away.