Senator Downe: Would Senator Simons take a question?

Senator Wells: Thank you, Senator Downe. If you would take another question, I’d be grateful.

A penalty of $2 million a day from what is essentially a taxpayer-owned institution — is that really much of a penalty? To me, it’s the same pair of pants, just a different pocket. Could you comment on that and what kind of penalty that is when the taxpayers are the ultimate bearers of this burden?