. >> dick bloomenthal, i want to you respond to jimmy p. and add on, the federal he reserves, regulatory staffing central planners, they have outside boards, they have consumer boards. how can this improve upon what is already out there, dick? >> very good point that have been made. part of a what is needed is to coordinate the very disparate and sometimes competing sources of federal power. we know that stronger rules of the road are absolutely necessary it is a little bit like an intersection at a highway. after a while, you need a stop sign. with more traffic, may need a traffic light to prevent the -- >> why not use the ftc? it is all there. you have the ftc and the federal reserve board. why not use what's there for existing? why do we need a new layer of red tape which, as jimmy p. has said, look, elizabeth warren is a brilliant woman but she is not going to stand still and take complaints. she is going to to regulate credit. >> i don't think there will be regulation of credit what is needed is enforcement. the ftc hasn't done the job