Nicole – Perfectly fine point re FDIC, as far as it goes. But the assumption that we needed the New Deal in order to have an FDIC or something like it isn’t one I would buy, or concede. And, it’s worth noting that as far as we know, the FDIC didn’t do anything to prevent the situation we’re in. Who knows what mechanisms, governmental or private, would have evolved absent its creation. I agree with the proposition that we need traffic cops and not all regulation is ill-conceived. But if the point of the New Deal was to make it so that we never had these sorts of problems again, the New Deal hasn’t exactly delivered now has it? And Fannie Mae, the FHA and other institutions born of the New Deal may have been a net benefit at some point, they’ve hardly been an unmitigated boon of late.