What laws can I – what do we need to put on the books to protect communities like this? Liberty and other organizations, research organizations, that you guys have can come up with some of these things. I look forward to speaking with you later today. President Dudley: Okay. On this issue of predatory lending, I mean this is – I think you raised a very good point, and this is something that we actually heard about small business lending when we were up I think in the Bronx awhile back, where, basically, people have these come-ons to lend money to small business, and it seems attractive on the surface, but it turns out that the actual rate of interest that people are paying is prohibitive to be able to run a successful business. So, I think the predatory lending thing is a completely important issue that we do need to address. Obviously, the Small Business Administration can play a role in this. I think we would certainly be interested in having a conversation about it, because I think it is a really serious issue. I mean one of the problems, just more broadly, is financial literacy in the United States. Part of the reason that predatory lending can work is because people don’t really have a good idea –they don’t know enough about the financial system, about the economy, about what’s a good value or not.
Banks, as you know, are reluctant to lend to start up businesses because the firms don’t have collateral to pledge against the loans, and they don’t have a track record of experience. So CDFIs are really the group that can provide that lifeblood to small business enterprises at the start-up stage. It’s also very resource-intensive to lend to small businesses, so the economics don’t work very well for a for-profit company. So, I’m a big fan of CDFIs. We think it’s really an important avenue, especially in less developed areas where getting a small business well-established can create local jobs which can create a virtuous circle in terms of economic development. So, this is something that we definitely want to encourage over time, and anything that we can do to be helpful – we try to partner with the CFI community to be helpful, in terms of providing data, information. We have a lot of very detailed information about the local economies and we can be, I think, helpful in actually providing some information and support to the CDFIs. Audience Member: Good morning. I want to thank you for coming here and sharing some information with us. I have two specific questions I wanted to ask. A lot of us, we’ve already talked about access to capital, which is a huge thing. For those who don’t know, Sen. Sanders is the ranking Democrat on the Banking Committee for New York State.