. >> that would be one of our concerns, congressman garet that you would have someone regulating insurance that really has no real insurance background and again, i would reiterate they think our position is that the best way to look at systemic risk is to look at market-oriented products and any firm that's engaging those products should fall under the purview of the systemic risk regulator, but to just isolate a particular industry group and just say that the systemic risk regulator is just going to oversee that. that could potentially miss something that's occurring elsewhere in our global economy. so our recommendation is there could be more product and market oriented. >> as the financial guarantors we think the fed might be a logical place to oversee our industry primarily because the service that they provide to the banking industry would parallel the kinds of financial activity that we have in a capital markets. so we think that perhaps -- >> you're a little bit different from some of the other -- >> that's right. >> again, financial guarantee, we have one nail and we're trying to