We have spoken at length with you — and with other previous witnesses — about competition and its benefits in terms of services and prices for borrowers. When we were in school, competition meant natural selection. In this case, we see competition at work when less successful businesses disappear because they've gone bankrupt, having been unable to compete.
Do you think that the possibility of there being more bankruptcies in the mortgage industry represents a financial risk for the government who, is ultimately responsible for guaranteeing these loans? Do you think the government might end up paying for competition in the marketplace?