. >> thank you, chuck paschal from pennsylvania. that it's charter says is to finance transactions that are unlikely to proceed, without the guarantee of the loan. however, the three largest and visionaries amounting to 83% of all loan guarantees are bowing, ge, and caterpillar. just three companies. corporations large made of 93% of all loan guarantees from the export-import bank. in 2008, when he was campaigning for president, barack obama call this corporate welfare. and that is what this is. [applause] factdition to that, the that the loans are guaranteed allows the private banks, a large private banks that owned the debt, to actually own the debt and charge interest and make money, while having no risk because the loan is guaranteed by the federal government. this is corporate welfare, for the largest 3-5 american corporations, and corporate welfare for the largest banks. 99% of all exports go on without the help of this bank. it is unnecessary. [applause] chairman? the evidence is clear. the export financing provided by the ba