we have former sec chairman harvey pitt and wallace. thanks for being with us.y, start with you, appreciate you being here tonight. gosh, i'm wondering why the feds would have to go after jpmorgan when the sec hat clear wanings about bernie madoff around they failed to catch bernie madoff and it is their job to do it. is there a way to come up with a fine for the sec? >> i don't think you will come up with a fine for the sec. i do think what we're seeing with jpmorgan is starting to take on a lot of the attributes of what in professional football they call piling on. i think, i think there's way too much bashing of jpmorgan at this point in time. dennis: right. wallace, i think you will disagree. we talked about this before. come on, wallace, at some point, like a bunch of piranha gnawing away at a big dead carcass. we'll kill the bank. >> i don't think we'll kill the bank. the bank is a very healthy institution. i think ceo jamie dimon would underscore that and the stock market actually underscores that but i do think that there's another interpretation here wh