how many banks actually own amcs and you said, we don't know. would you consider -- >> we don't know but we'll try to find out. >> that's not what you told us in the letter. >> well that's what i'm telling you now. >> then i would like, you know -- would you consider regulation forcing any bank that owns an amc to disclose that so you can avoid any collusion, which is the purpose of this document? would you consider regulation to that effect? >> we don't have powers over banks. we only have powers of fanny and freddie. >> you could make the suggestion or you could even put night an amended rule if your whole purpose is to stop collusion. wouldn't you agree with that? >> excuse me? >> you could amend your rule here, couldn't you? >> it's fanny and freddie's code not ours. >> i understand that. but you're the regulator for them. >> well, i mean, as i said earlier, congressman kanjorski is working on legislation in this area and if there's something you feel that fanny and freddie didn't do properly -- what fanny and freddie were trying to do -- an

they started with a hudson franchise and then they sold cars from amc, jeep, and later eagle. several mergers later, they were a successful jeep dealer until 1999 in 2000 they acquired the chrysler franchise and now they are a chrysler jeep dealer and have sold over 10,000 new and used vehicles over the last few decades. they have consistently held the highest customer satisfaction rating for sales and service in the state of pennsylvania. and i welcome you, jim. >> next is mr. duane paddic of new york thanks for being here. last but not least, is mr. frank blankenbeckler iii of waxahachie, texas. frank is here with his son, austin and thank you for coming. joe, do you want to say anything about your witness? >> is it time to introduce them? >> it is. i just did a half-hearted i have. >> thank you, mr. chairman. i've been down in the electricity hearing. it is my honor to introduce frank blankenbeckler. he is a native of waxahachie, texas, graduated from waxahachie high school. went to the university of texas where he lettered in basketball. he came back home to waxahachie and

he is very moving and your life, there is a wonderful picture in your viewers at this election and amc rally which will put up later. but talk about, because it's another example of a leader coming from an experience unfathomable, most americans are most people from anywhere else in the world. >> guest: well, first of all you always felt unworthy. not always. when i first met him. how do i get to deserve to have this meeting? what lysate is somebody who is been in jail for 27 years. what you discover is he is immensely gracious, solicitous, humble at the first meeting you make sure that people were serving as coffee. it was a big meeting later, later on, a conference. not big formative decisions being made. i look around and he is serving coffee and tea to everybody around the table. and so this big figure, you know, is also -- and that when i met with him, i presented him some very tough polling results but he was playing with his grandchildren before he would take the time to talk to us. he was dealing with his grandchildren. so he's a human being. you know, he's focused on kids, and