President Gerald Kieschnick was a guest on Hank Hanegraff's "Bible
  Answer Man" on Tuesday, March 26, 2002. After President Kieschnick
  explained the Lord's Supper Hank stated, "Let me clarify this, you do not
  believe in transubstantiation and you do not believe (meaning LCMS Lutherans)
  in baptismal regeneration, is that correct?" To this Kieschnick simply
  stated, "That's correct".
  The copy was received as follows:
  Hanegraff: "Two points: One is, you do not believe in
  transubstantiation, as you just indicated. The other is, you do not believe in
  baptismal regeneration."
  Kieschnick; "That is correct."
  President Kieschnick could not be on the LCMS clergy roster if he didn't
  believe in baptismal regeneration. The radio talk show format may not be
  suited for President Kieschnick.
  The Bible and Luther's Small Catechism state: "Not by works of
  righteousness which we have done, but according to his mercy he saved us, by
  the washing of regeneration, and renewing of the Holy Ghost;" Titus 3:5
  The complete broadcast is available at the following URL (the dialogue in
  question begins at approximately 46:30):
  http://www.oneplace.com/Ministries/Bible_Answer_Man/Archives.asp
  
  Rev. Gerald B. Kieschnick's next counter plan:
  Reclaim News has received information that President Kieschnick may plan to
  counter Rev. Dr. Wallace R. Schulz's decision after next week's interviews
  using a loophole called a plebiscite. He may mail a letter to all LCMS
  congregations to vote to support his decision and count the votes based on the
  size of the congregation. This will give the 'PLI' and Church Growth'
  supporters more votes than the smaller churches.
  At this time it remains to be scene what President Kieschnick will actually
  do after Dr. Wallace Schultz announces his decision on the Benke case.