we welcome back jonathan lavine, comanaging manager of bain.ee you in person here, we have to start with regional banks because jamie dimon this is where getting near the end of the regional banking crisis and jp morgan's takeover over republic helps stabilize everything, that does not appear to be the case today with regional banks doubling. was he wrong? >> i will not think so, he would have way better information than any of the three of us. there is also a difference between the stock prices tumbling and the deposits and it is in fact when the deposits come out. thanks ra -- banks are a institution of confidence, they deposit and they land long-term weather that is one year, three years, five years. i think that we can take some comfort in the fact there is a playbook developing that when this happens and there is a bank run the fdic knows what to do, the bank has some experience stepping in, there was more than one bidder for first republic. i hope it is slowing down and we need to look at the deposit information and our getting their depo