you know, archeme de said if you gave him a long enough lever, you could move the earth. we've seen it powerfully demonstrated that with enough leverage could you lose any amount of your own money and that of your clients. and something should and something will be done. resolution authority is at one level a very technical subject. at another level the system won't be safe unless it's safe for the failure of individual institutions. and we need ways in which institutions can fail when they need to fail without it having substantial collateral consequences so officials won't face the choice between collapse and bailout that officials have based too often over the last two years. and finally, the consumer piece of this is very, very important. that's why the aadministration has proposed a separate consumer financial regulator. i think it is appropriate that at a moment like this the compact, if you like, between the nation's financial system and the broader national interest be carefully considered. and i think it is very important that those in the financial system consid