there are still looploopholes, whether you take advantage of them or not. they exist in london and elsewhere, which is why people are there. you may not be there for that reason. i don't really mind whether you are because you're one institution. the institution of jpmorgan in and of itself is of little interest to me. what i'm interested in is the entire system. when you have a loophole or london people take advantage of it. we need to talk about it openly to try to find out whether their regulation is better than ours and regardless how we can work them together so the loophole is not just for you but also for your competitors and don't give them an advantage. i would argue that you're looking to offer the best deal. you're 100% right. you should. the truth is, if it's only about the bottom line best deal, you'd when loaning your money on the corner of some street because they get a better deal than you. they loan out their money at much better rates. the difference is, it's a little less secure. when you talk about best deal, it's not just bottom line. i