You don't think that you have a monopoly?>> It certainly doesn't feel like that to me.>> Here's the question that all of us kind of answered, what do we tell our constituents given what's happened here, why we should let you self regulate.
What would you tell people in South Carolina that given all the things we've just discovered here Is a good idea for us to rely upon you to regulate your own business practices.
Well, Senator, my position is not that there should be no regulation.
I think the Internet has increased-
Do you embrace regulation?
I think the real question as the Internet becomes more important in people's lives is what is the right regulation, not whether there should be our-
But you, as a company, welcome regulation?
I think if it's the right regulation, then yes.
Do you think the Europeans have it right?
I think that they get things right.
Have you ever submitted-
[LAUGH]
That's true.
So, would you work with us in terms of what regulations you think are necessary in your industry?
Absolutely.
Okay.
Would you submit to us and propose regulations?
yes and I'll have my team follow up with you so that way we can have this discussion across the different categories where I think that this discussion needs to happen
