iependent group that is not coming out of anyo one of they existing agencies, independe group with greattrength in terms of the commissions and board membe and are partularly strong staff wi themandate and the authority to anywhere they want, it is a way of really tting at theystemic risk problem. >> sus: you're proposing th oversideoard and treasury secretary geithner sd you can't put out a fire with coittee. >> the kinof editing we're talking about here is a sma group that by aintment and the people apointed have different dimensions of experience and a strong chaman >> susie: and said hedge funds and prate equity fund b registered with efcc. bernie madf's funds were regiered and also cheat thousands of investors so why would this work. >> he didn't register. the thg regisred was a different business so this oer business that was sh a fraud was not registered, nobody knew about it. it only seems logical tt if funds are put together whether you call them hed funds or atever the should be some thority that that's right to go in and lookt the procedure with that fundand look a things such as how