we're going to work in concert with others to make sure they become great actors, fulfill obations. do good and you will do well. >> what is this going to cost california? there are 49 other underwriters in the pool. going to encourage and track them. get competitive bids. we've dropped down the cost of bohring from the state. saved over $4 billion in benefits. >> not going to cost anything? >> we don't think so but drive the others to get good bids. >> company and its ceo have become human pinata up on capitol hill, any indication they haven't done a good job for california? >> not in the lines we've suspended actions. we've monitored their activity. the way we have changed practices is competitive negotiated selections of our underwriters so that if you do well in a competitive, we're look favorably perhaps -- >> you had no indication up to now they've been screwing up in some way? >> no. >> as treasurer you we have investments in wells fargo stock, would you lead the charge to divest? >> leading charge to make sure we have proper governance reforms in place. don't get independent