I have a question that pertains to federally regulated cooperatives. In our previous session, it was mentioned that we should be looking at cooperatives through a smaller lens rather than just treating the federally regulated cooperatives as other federal institutions. There were a couple of oblique references. I'm wondering, from your standpoint, especially with respect to insurance and mutuals, if you see it to be the case that, being federally regulated and a much smaller entity, it isn't, as a consequence, a level playing field.
On July 10th, 2012. See this statement in context.