Mark Warner actually said...

"I know a lot of my colleagues have brought up a number of the failings of the rating agencies, and clearly, in some of the products lines recently, that has been the case."

"There was sometimes validity in the rating agencies when you were looking at State bonds and others, that they did provide that independent arbiter service."

"If we could do it fairly quickly, because I do have another question I want to ask."

"I do think that is a valid point, that we sometimes look at the arbitrage in terms of banks that have actually switched charters."