this is really a crucial new authority that dodd-frank provides. previously, prior to dodd-frank, the fdic had authority to close insured banks. we did not have authority to close the holding company of the institution or the subsidiaries of the holding company. so one crucial new authority of dodd-frank is the ability to replace the consolidated entity, the bank, holding company and affiliates into a publish receivership. and in addition, the new financial stability oversight council can designate any nonbank financial company as systemic and by doing so, one that would subject to the fuel supervision authorities of the federal reserve and would -- could also subject it to the systemic resolution authorities of the fdic. if you think back to 2008, the first three companies that triggered the crisis were bear sterns, lehman brothers, and aig. two investment banks and an energy company. so the importance of the new authority speaks for itself. so these companies will now be required to develop, maintain and periodically submit resolution plans to re

that is frank's involvement. once straws found out about that, he not only had oppenheimer guilty of a felony and could use that, but he had groves guilty of a felony, too. groves had never revealed this. so -- he lets groves know that. and, again this is -- the oppenheimer file at the fbi is 73 pages long. it is all laid out there. he kocalls groves in. he comes in and where is it? always been expected that groves will be the witness for the defense and the oppenheimer case. he always defended oppenheimerment he said he had no question it was the rights he changes the story. he asked two questions and he's the first of these questions by straws before the hearing. and then he goes to testify and asked, would you give robert oppenheimer security clearance do you consider robert oppenheimer a security threat? and security risk? he doesn't answer it directly but he says i think you can tell answer would be to that, in other words, it's very critical statement. he had to hide his membership in the party and the stor

frank was coming, he is going to design your place and frank is no longer there. he's no longer designing this. frank ghery the most admired, best known architect in america. >> yes. >> rose: you had him. >> hi him, that's true. >> rose: what happened? >> november, october, november '08 comes along. the world falls a part. and we need to fund this arena. we need to get bonds. at reena that frank designed was beautiful but de it as a composition. there were four buildings around the arena that were integrated as part of the arena. he built a composition, not only anarena. the world falls a part. now you cannot get financing, probably not on the arena almost, but certainly not the four buildings that are integrated. >> rose: and you said one the bankers told that you. >> it didn't take a lot to tell me. in those days as you remember, nothing could be financed. you couldn't finance a home. >> rose: we're not loan anything money here, boys. >> so what we had to do was inhale the arena. we had to separate out the buildings. and if we had done that there would be nothin

under title ii the dodd-frank act.the fdic has taken a number of status under the past year and a half to carry out its new systemic resolution responsibilities. first, the fdic established a new office with complex financial institutions to carry out three core functions. the first function is to monitor risk within and across these large complex firms from the standpoint of resolution. second, to conduct resolution planning and the development of strategies to respond to potential crisis situations and third and quite importantly, to coordinate with regulators overseas regarding the significant challenges associated with cross-border resolution. the new joe at the very large and complex institution, you're generally doing what comes to nice but very significant international operations. and if you are going to deal with the orderly resolution of one of these companies, a cooperation with the foreign supervisors in these highly integrated global financial markets really becomes essential. for the past year, this offic

so the dodd frank act, one of the main themes of the dodd frank act is to create a systemic approach. one where regulators look at the whole system and not just individual components of ithat, tools to do that was the creation of a council called the financial stability oversight council which helps regulators coordinate. we meet regularly in this council and discuss economic and financial developments and talk about ways we can look at the e to avoid various kinds of problems. moreover, the dodd-frank act gave all regulators a responsibility to take into account broad systemic implications of their own individual actions. in particular, the federal reserve has greatly restructured our supervisoryokinnow very comprehensively at a whole range of financial markets and financial institutions so that we have a big picture that we didn't havecrisis. i mentioned in discussion of vulnerabilities the many gaps in the financial system. there were important firms like aig for example, but others as well that really had no significant comprehensive oversight by anything regulatory agency. the do

dodd-frank would have not stopped it. >> so, we have not even won the last war. ? >> no dodd-frank happened after we lost the last war. >> the perspective is, basl three is saying that banks should carry adequate capital to say that if something goes wrong, you remain solvent and you need to make sure that when a shock hits it's not too big. we going on with dodd frank the basl 3 accord is a formal useful device for ensuring written reduced risk. >> fair enough. now, everybody knows that what happened between t.a.r.p. 1 and t.a.r.p. 2 and eventually it was passed. thankfully. and the system was saved. and banks are now back to where they were before the crisis. recovery is durable. during the housing market is absolutely critical and the health of the housing market, to the degree to which it has delevered. was it a mistake in 2008-2009 not to have a t.a.r.p. equivalent, some kind of really massive bazooka for main street, the kind of bazooka that was there for wall street, for the u.s. housing market? i want to sort of go one, two, three. please just sort of plea

so somehow this landscape is inherent in this great man. >> so frank, you have described

can you explain the cost benefit analysis regarding the implementation of dodd-frank? in other words, under section 15-a of the commodities futures act, companies are refusing to supply the ft at times information. in other words, how is the cftc supposed to let alone implement and weigh a cost benefit analysis as required by dodd-frank? >> just to say a little bit more on this, under the commodities and exchange act, not dodd-frank, we're required to consider cost benefits. it's not analysis, just to give you a little of the technical side. but all this matters when people take these things to court. and they will. that's part of our democracy. we as commissioners are to consider the cost and benefits along these five factors in this section 15-a of the commodities and exchange act, and we do so. when we go out into the proposal stage, we ask a lot of questions and try to seek public input on the qualitative and quantitative aspects of it. but often we don't get a lot of input, because of that because t to give away their information. part of it might be that they don

and as frank said, the beautiful thing that kept coming back was this man who was the general and an important man in the history of war, and he's the president, yet throughout his life you can see the little boy in him. and that's so touching. it has been said that genius is childhood recovered. and this is then eisenhower. and it comes in various things that he says throughout his life. so, that became this "a" point. >> in his last speech i guess when he went -- >> yeah, it's so touching. tell them. >> but he came back -- and i can't quote it. >> to abilene. >> and said, kind of, it's amazing that a barefoot boy could have his life -- have this incredible life. but he wasn't beating his chest and saying -- >> no. >> -- hey, look at me. he was, like, going back to his childhood and saying, man, what an incredible experience i've had. and -- but all through it, all through it, i came back here because this is where i'm from. a barefoot boy. >> do you have the quote? >> yeah. the only quote i have is from the address where he says i come from -- >> colonel can quote it. >> you are th

he met with bernie and frank dipascali.according to investigators, madoff showed him records of trades, and named a third party who had cleared them. tucker never asked for any verification, and he never went down to the 17th floor to see where fairfield's accounts were allegedly being traded. >> they told their investors they were conducting extraordinary levels of due diligence into their investment managers. >> smith: stuart singer has filed suit against fairfield greenwich on behalf of investors who say that the company failed to conduct due diligence. >> fairfield's focus was on marketing and selling the product, which was madoff, rather than on kicking the tires and checking to see that madoff was real. if they had spent as much time on due diligence as they did on marketing, we wouldn't be here today. >> smith: even though fairfield greenwich was in new york, their risk management operation-- headed by amit vijayvergiya-- was located a stone's throw away from this beach, in bermuda. why would you have a due diligence

so, please welcome frank gehry and robert wilson to the stage. >> so, we're going to talk for a little while, and then i'll show you some wonderful pictures, and then open it up for questions from you for our visitors. so, i'd like to start by talking about the collaboration, the roles that you each play in this project. >> well, i was sort of the lead in the architectural thing. and i was worried about -- i read in order to do the competition, i read everything i could find on eisenhower and realized what a great man he was. and i had no -- i knew he was great, but had no idea. it seemed to me that i needed somebody that understood how to present the man, how to present him, somebody who is an actor in his own. bob's an actor. and he knows how to develop a character. and it was just a fluke when i asked the -- when we began, i said i was going to reach out to him, and i had no idea whether he'd do it or not. but we've known each other a long time. and he turned out to be ten times more than what i expected or what i thought i needed. now i know i needed beyond in developing this scene

i know you had a panel early on the implications dodd-frank. we're going to build on these by finalizing on capital. financial reform means something to investors, consumers and businesses in america -- see the theme repeating itself -- through market integrity. reforms will protect end users from fraud, manipulation and other abuses in the swap market, as well as the burdens that may rise from excessive speculation. markets work best when you can have rules on the road and a cop on the beat. we learned that in the 'thirties with the great reforms in that era. so market integrity is critical. the dodd-frank act closed a significant gap in our authorities to pursue manipulation charges in the marketplace. i assume the lawyers in the room know what i just said. i've learned it but i never went to law school. we've also got a new whistleblower authority where people can come in and point out abuses. it also directs us to establish aggregate position limits for the futures and swaps marketplace for the first time for the energy, agricultural and mi

but it has nothing to do with dodd/frank. it went ahead with the legislation before we did any of our hearings, delivered any bad reports. we covered a lot of ground so i'm sure there are thoughts. as i survey the room. we have a thought walking. thank you. >> wee'll start with you, sir. >> it's jack warner. it was clear that there were like 600,000 jobs out there right now that we can't fill. and companies like boyd have to go from a seven-week training period to a 14, 16-week training period to train folks to be able to fill jobs in their company. i think the government was pointing out is that the education process and what we're doing in terms of what we're doing with education is not focused in the right direction. colleges, community colleges, they're not connecting with the industry to find out what it is that skill sets, the knowledge that's needed for these new jobs. >> i think that's so important. our workforce investment boards and we have the ten in the ten different regions of the state, we would make sure we had

frank and robert, frank was always laboring in his older brother's shadow. they were not only world as part in what they did but also their personalities. oppenheimer is adolescent. he had seen psychiatrists for depression and once contemplated suicide. he wrote frank that he found earnest unbelievable vitality and love of life. his friends most endearing trait. his interest was so primarily active and instrumental and mine just the opposite. the two men quickly became close friends. while still bachelors living at the faculty club, lawrence and oppenheimer double dated together, spending thanks givings ato sem ti and going horse back riding on weekends around the berkeley hills. next one, please. you have oppenheimer with his lean at the camera sort of a scance, almost enigmatic as it were. and you have lawrence looking straight on into the camera. there he is. nothing hidden. and just from the book as well. oppenheimer originally thought earnest was an english saddle. until he realized growing up in south dakota, actually lawrence was from canton, south da

frank. having studied my design, it's my conclusion that he is afraid to leave something out and succumbs to narrative literalism. great moments are simple, lucid and say only one thing. we honor, we endure, we celebrate, we grieve. i would like to disclose i'm an emeritus board member of architecture and art, a co-sponsor of the competition. michael frank and i were among the winners. as a result of this issue, should there be another competition,ly not enter it. in a city overflowing with green scrapes and parks, this site provides one of the most important urban circumstances to provide washington the square as i would like to disclose i'm an emeritus board member of architecture and art, a co-sponsor of the competition. michael frank and i were among the winners. as a result of this issue, should there be another competition,ly not enter it. in a city overflowing with green scrapes and parks, this site provides one of the most important urban circumstances to provide washonthear for the

frank or -- >> i'll allow mr. frank to come in and make an opening statement. or would you like mr. -- >> i'll just go ahead in the interest of time. first of all, i'd like to welcome director cordray and really thank you for your impressive accomplishments so far. i know that when we were doing the mark-up on dodd/frank, i offered an amendment that called for an annual report and oversight by this committee of the cfpb. that was later amended to make it a semiannual report to congress. but if i had known that you would be before this body or someone senior as yourself would be before this body 15 times, so far this year alone i would not have offered that amendment because you have been very accountable to us and to this congress. and i'd like to say it was great to have you in my district in new york where you discussed and launched an inquiry into overdraft practices. i know that you have made similar meetings across this country with various concerns from student loans to mortgages to just general concerns of consumers. and as we reach the three-month anniv

we could talk for hours about dodd-frank, but let me touch on a highlights. in the area of corporate governance, we have dealt with pair chute arrangements. we have adopted new rules that resulted in approximately 1200 hedge fund and other private advisers regular are stered with the sec and we established a whistle blower program that is providing the agency hundreds of higher quality tips helping us us to avoid dead ends and at the same time, moving companies to enhance their own internal compliance programs. in another area response to the melt down of the mortgage-backed securities market, the sec proposed rules that will protect investors by increasing dramatically, visibility, underlyiunder lie -- to keep skin in the game, giving them an incentive to double check originators under writing practices and change the ratings of agencies who misrating structure was fuel to the fire. a new regulatory regime will be built for over the counter derivatives. in october of 1993, i addressed a conference for the foundation of research and international banking and

. >> barney frank. and nathan myhrvold. >> it's like, i don't even know you anymore, man. >> "jimmy kimmel live," coming >> dicky: from hollywood, it's "jimmy kimmel live." tonight -- jessica alba. barney frank. chef nathan myhrvold. and music from the tower of power horns. with cleto and the cletones. and now, once more, here's jimmy kimmel. [ cheers and applause ] [ cheers and applause ] >> jimmy: thank you. hello. and thank you for watching. thank you for coming out tonight. [ cheers and applause ] i am jimmy. you can call me james, if you want to be formal. today is ash wednesday. as some of you probably know. and it is also because god has a weird sense of humor, national margarita day today. that's a real dilemma for you, guillermo, right? do you get ashed or smashed? [ laughter ] what did you choose? did you go to church today? >> yeah. 12:00. >> jimmy: you did? >> yeah. >> jimmy: at 12:00. why don't you have ash on your forehead? >> because of the show. >> jimmy: guillermo usually gets it in his

frank. the speaker pro tempore: the gentleman from massachusetts is recognized for four minutes. mr. frank: mr. speaker, this is a perfectly nice bill, but things are sometimes judged in comparison. it is being hailed as a bigger bill than it is, but that's what happens when you grade on a curve as we grade on a curve. one of the great philosophers of the 20th century was a man named henry youngman. -- henne youngman. one of his thoughts of wisdom was expressed in the question and answer, how's your wife. compared to what? compared to the output of this house so far, this is a very, very, very major bill. compared to our economy in general, it's a good bill but of no immediate significance in terms of jobs. and useful for the future. but as i said i think it's important it's getting pumped up a little bit so we can avoid here as a collective body the charge that we haven't done anything. i do have one criticism of the rule and i have expressed this hope yesterday. i was frustrated. a number

that's what frank is talking about.really interesting about what frank is saying is little digital footprints are now being made. these cookie crumbs. so you leave a little information here or a little information there. in and of itself you think it's harmless because it's one little sprinkle of information. but the ease of aggregating all of that data are of making a trend is so, so fast. >> so how do you live a life in 2012 participating in all of these need things that you want to participate in. i don't do a lot of location-based stuff because i'm not interested in people knowing where i am all the time. can i fully be a participant and yet keep safe? >> yes, but again, you have to be a little smarter. you can't rely on the government, your bank to protect you. you have to be a smarter consumer and a wiser consumer. when you use those, you have to ask yourself what are my risks associated with that. i protect myself from identity theft by three simple thing. i do use a shredder, i use a microcut shredder. >> people

with the passage of dodd frank, our responsibilities have expanded dramatically. i'm proud of the across the board progress we are making against these man dates. of the more than 90 mandatory rule-making provisions, the sec has proposed or adopted rules for more than three-quarters of them. not to mention the number of other rules that give us systemic-making decision authority. we could talk for hours about dodd frank, but let me just touch on a few highlights. in the area of corporate governance, we have finalized rules concerning shareholder approval of compensation and kbo golden parachute arrangements. led by the division of management, we've adopted new rules that have already resulted in approximately 1200 hedge fund and other private fund advisers registering with the sec. we've established a whistleblower program that already is providing the agency with hundreds of quality tips, helping us to avoid investigatory dead ends, and at the same time prodding companies to enhance their own internal compliance programs. in another area, a response to the meltdo

senior regulators explain the effect of the dodd-frank wall street bill. chairman martin gruenberg was among the featured speakers. this is about 40 minutes. >> this is theirs. >> okay. okay. i'd like to welcome everybody back for our afternoon program, please. we hope you enjoyed a good lunch. we've had a very interesting morning, we're delighted now to have the privilege and honor of hearing from chairman martin j. gruenberg, acting chairman of the federal deposit and insurance corporation, chairman gruenberg has a number of d distinctions but one of them which is relevant for today's event is that he worked very actively on the senate banking committee for a number of years, served under senator paul sarbanes, actively involved in the drafting of that statute, along with chairman gensel and professor goldsmith was involved. obviously steve harris also we've heard from this morning, so we have a number of folks with us this morning who are truly veterans of that effort and can give us some perspective on that statute. chairman gruenberg served on the sen

i'm frank somerville. we'll see you again next week.

p.j., you heard frank. what's your response?of all, what the three senators said in the op-ed is exactly what the policy of the president obama is following. he made clear in his meetings this week with prime minister netanyahu that the united states will not let iran get a nuclear weapon. so we're applying pressure. there are sanctions that are going to be coming on in the next three months. there's going to be another conversation with iran next month. i expect that conversation to fail. but we will continue to build the case, you know, for military action against iran should that be necessary. but as the president, i think prime minister netanyahu agreed this week, we still have time to see if other options can bear fruit before we get to that point. >> that's a very interesting point. frank, can you react? what i just heard p.j. say is we're building a case, we the united states is building a case for military options. now, frank, is that to your liking? is that essentially where you want to go? because it sounds like p.j. c

dodd-frank was unusual in allowing states to enforce the federal law. we want to make sure that we aren't going in 50 different directions on federal law. as for state law, we're inclined to be respectful of the states as we have situations or they come to your attention and you want to bring them to our attention, we'll be very interested in hearing about concerns in that regard. >> thank you, director. >> mr. westmoreland, five minutes. >> thank you, madam chair. mr. cordray, what would be your personal run over here? i know it's hard to get the direction from down there. what would be your personal definition of fair, f-a-i-r? >> congressman, i don't know that my personal definition is relevant here, because unfair is a defined term in the law, and my job as director of this bureau is to enforce the law that congress has enacted, and therefore we will apply the terms that congress specified as to what unfair means. but i do think it's likely that you and i and most people would have a fairly common sense, probably consensus view of what is fair and u

dodd-frank requires the s.e.c. and the cftc to issue joint rules defining swap entities and products and are the agencies working together to make sure that the definitions are consistent? >> yes, we are. and one reason it's taken so long is that it is a challenge. we have different, we have one dodd-frank act but we have different statutory regimes upon each of us are building and there are some differses for which we have responsibility and the swap market for which the cftc has responsibility. so it's created a lot of challenges in the joint rule making but we are working together to try to make those definitions as consistent as we possibly can. i don't want to tell you we'll be identical but we appreciate the goal of consistency here. and we're working through some final issues between the two agencies. >> lastly, and i see my time is running out. regarding mf global issue. what actions has the s.e.c. taken to recover those missing funds? >> it is a tremendous tragedy what has happened with respect to mf demro

thdodd-frank effective date for the volcker rule is justly 21st. we've heard thatthink this is ao complete by that. do you have any plans to phase in implementation of the volcker rule? >> yes. the statute allows for a two-year transition period, and so we will certainly be giving institutions adequate time adjust and adopt to whatever -- adapt to whatever rule is put out. >> thank you. then i've heard from some of my constituent insurance companies that fed staff has been deployed to insurance companies. what's the purpose of their presence that -- given that the insurance companies are regulated by the states? is the fed simply increasing its insurance expertise, or does dodd-frank give the fed insure? >> no, we don't have any authority to regulate insurers, unless in the future a systemically critical insurance company is so designated by the fsoc. that has not happened yet. i'm not quite sure what you're alluding to. it could be there's discussions to give ourselves better insight into the industry. >> what i'm alluding to is there's insurance

>> we had more than 90 required rule makings under dodd frank. we have adopted or mostly proposed three quarters of that pem we have put in place, though, the registration system for hedge funds, the whistle blower program is in place. we've proposed all. rulesnd the otc drif tex section. we will shortly finalize the rules on con flakt. so we have accomplished a number of things, particularly in the area of the hedge fund and private fund registration and wheef proposed many pruls in the area of title 7 derivatives, credit rating agencies, municipal advisers and some of the other -- >> so you're three quarters there. >> three quarters there but some the hefty lift hasuttet to go final. for example the vogel rule where we received 15 thousands letters. >> 14,000 from members of congress. >> let me just ask one quick follow-up. of those that y'all haven't fin rkd yet or of those 75 out of 90 that you have, how many of those are the ones that have could be coordinated with the kmondity future commission? >> many of the rules -- they're all done with

however that frank was through this guy. -- how i met frank was through the sky. -- this guy.w i had a crush on him the whole time. tavis: i did not know this conversation was going to be book ended by frank. if you do not get mail now -- the new project is called "how about i be me (and you be you)." i love that title. that is how i feel about life. if you can be your authentic self. we will not be using not. -- that. but i did take your point. i like that. the new project, "how about i be me (and you be you)." good to have you on the program. that is our show for tonight. until next time, keep the faith. ♪ make me smile ♪ ♪ ♪ >> for more information on today's show, visit tavis smiley at pbs.org. tavis: hi, i'm tavis smiley. join me next time for a conversation with a look at the latest on heart health. we will see you then. >> every community has a martin luther king boulevard. it's the cornerstone we all know. it's not just a street or boulevard, but a place where walmart stands together with your community to make every day better. >> and by contributions to your pbs stat

i'm frank mallicoat. >> i'm grace lee. we begin with breaking news here in san francisco. a plea deal, in ross mirkarimi ' s domestic violence case. >> this morning, the san francisco sheriff pleaded guilty to false imprisonment and avoids going to trial on more serious charges. joe vazquez joins us with more. >> reporter: consider this. the man am charge of imprisoning inmates in san francisco now is charged with false imprisonment. no cameras were allowed in the courtroom this morning. but let me show you the sketches from inside. it happened very quickly. 9:00 this morning at a hearing just as jury selection was about to beginning. and sheriff ross mirkarimi agreed to a plea deal that dropped those three charges against him. in exchange for that new single charge of false imprisonment. now, along with the conviction, he agreed to the following. three years of probation. one year of counseling. he has to take parenting classes. and he has to pay a $590 fine. he still is not allowed to see his family until a judge lifts the probation. now important to note, he is no longe

we provide them with our budget under dodd/frank. we provided it at the same time that we provided to congress which is a change for us. the simultaneous submission of the budget to omb and to congress. >> does omb oversee the spending of your fees with the same rigor that it overseesguns? i'm you are just curious. >> yeah. >> you do? i was just curious more than anything. so there are sometimes easy and sometimes difficult to work with on appropriations issues. so i wondered about the fee structure. i'm going to hold the rest of my questions whic many in nature and pass it along to you, joe. >> thank you. thank you. the president's budget request of $1.566 billion is an increase of $245 million over your current operating level. the budget request states that this level of funding the support 676 new positions. so i have a question if various parts. one, what would happen to what you want to accomplish if you were not to get these new positions? secondly, if you were to get them, how quickly you could hire? >> sure. well, i think if

165 of dodd/frank. you were given that the opportunity to differentiate among companies on an individual basis or by category, taking into consideration the capital structure, riskiness and complexity. and, of course, congress put this provision in because we expected that you will differentiate between the largest and most complex bank holding companies and those with more traditional activities who also exceed the $50 billion level in assets. can you tell us have you yet established at least conceptually the different categories or tiers of risk subcategories and associated enhance safeguards including specifically with regard to capital that will exist for the bank holding companies that have access larger than $50 billion? >> as you know, that's section 165, 166 of dodd-frank. we put that out for comment. we're still receiving comment on that. and we've also made public our discussions on the basul capital rules. both of those call for gray date the application to banks. with the highest application

frank's original. all right. here we go. [ cheers and applause ] >> congratulations, jimmy. >> jimmy: i just want to put a little bit on. you want some, guillermo? >> sure. >> jimmy: there you go. enjoy. >> congratulations, fried chicken. >> jimmy: congratulations, fried chicken. [ laughter ] >> dicky: frank's redhot. i put that [ bleep ] on everything. [ cheers and applause ] >> jimmy: i hereby revoke your mexican citizenship. "jimmy kimmel live" is back in two minutes with busy philipps, music from the crystal method, featuring martha reeves, and jonah hill. [ cheers and applause ] 3q what did you say you put in the punch, ethel ? frank's redhot sauce. i put that ( bleep ) on everything. frank's redhot sweet chili. sweet with a mild kick. [ man ] hi, there! chase freedom is offering 5% cash back at gas stations this quarter. wow. thanks! beep! beep! [ male announcer ] activate your 5% cash back at chase.com/freedom. ♪ freedom at chase.com/freedom. how about we make a big change for just a little money? let's st

was dodd-frank responsible for that? >> i think that the small banks might have a point in that, in making that argument. the small banks that, by the way, did not create the problem, they're being penalized just like the main street people are because they have to now step up and do these new regulations that are quite costly for a small to midsize institution. the big banks really don't have increased costs to that degree because they already have a huge compliance effort. they have a huge regulatory effort already. so it might be additional cost, but for them it's not as large as it would be for a small institution. again, this is the same imbalance, the same unfairness where a small institution that did nothing wrong now has to pay the price just like the taxpayers who id nothing wrong now have to pay the price while the big boys, you know, can complain about it, hire their lobbyists to do try to do something about it. i really discount a lot of the talk about how expensive dodd-frank is, particularly from these big