john fain is not somebody we think of as a commercial banker.is choice to run cit in the and led awas curious lot of people to question why he was there. the fact that it is out of bankruptcy. it has gotten some stability and he steps aside and lets ellen takes over make sense. stephanie: there it is a reason erik is in san francisco, you'd talk to john stumpf about yesterday about why the bank is staying so conservative. >> we do not have a strong interest in having indigenous assets. because, how will we compete with the wells fargo of china or the wells fargo of england? we bring nothing to the game. we tend to think of ourselves as , following our customers, we love our 3% but do not expect that to outgrow the we are doing in the u.s. whatanie: erik: -- erik: is jp morgan doing in asia? they all have their own strategies and some of them are very successful. for wells fargo, we tend to have a conservative view and we know what we are good at and what we are not good at. there is so much opportunity in the u.s. stephanie: what was your big ta