mr. ramsay. >> well, i think, i should made as background, the nrsro designation has been used for quite some time. it used to be used as sort of an informal no action letter process, which for many years that's the way that agencies were recognized. >> i'm sorry to interrupt you. my time is unfortunate expiring. could you just give me the short answer? would you support doing away with the nrsro designation? >> i guess the short answer is i think there argues that could be made for and against, but the commission certainly hasn't taken a position. >> and mr. van der weide? >> the fed also does not have a position o on the question. >> could you develop one? >> i will take that back. >> mr. wilson? >> i will take it back. >> thank you. and with that my time has expired. and the gentleman from north carolina, mr. miller, recognized for five minutes. >> thank you, mr. chairman. one of the lessons i took from the financial crisis, when the folks in the financial sector say everything is under contro