We need to make sure we get rid of this Swiss cheese approach to regulation.
I just do not want to be here 5 years later looking at what the next round of new products would be and say, 'Why didn't...
This problem we are in the middle of the crisis now of too big to fail.
I think we will get to some stance where we will have some level of regulatory oversight.
I commend you for asking that 'What is the one take-away?' question from each of these gentlemen.
Why has there not been a more focused effort on making sure that some of these counterparties--you are not even going to...
And my last--my time is up, but if in just maybe a straight yes or no on whether I am hearing you correctly.
Obviously, I think some on the Committee question that.
But I think what you are also saying--I know my time is up, I apologize, Mr. Chairman--but you are telling us, Congress,...
There is a huge moral hazard here.
So the vast majority of these counterparties are U.S., not foreign?