. >> a variation on that question a couple weeks ago jaime dimond asked the fed chairman bernanke with the regulators and the full impact on the forthcoming regulatory environment and the criticism from some quarters people say overregulation making us less able to compete, is there any validity to that concern? that criticism? >> well, i think going back to the capitol, we've done a lot of cost-benefit analysis already come and the overwhelming weight of the literature on this shows the 10% as i've been calling for is the moderate rate of the city's justified based on a cost-benefit analysis concerning the payoff in terms of the system civility and producing the severity of the next crisis with any incremental cost an inch so that's a very good job. some of the six dinsmoor from the interplay of the derivatives resolution, the felker rule, and i think on that score that is going to be more of a phased approach on the ground with the auspices of the devotee oversight council we could do some analysis of the relationship with these rules that's not to say we should but understanding the