gerri: didn't we see that with jpmoan chase? they made the big a big bet and lost a ton of dough? >> exactly. you can consider regulators are trying to take a more holistic approa -- pardon me for using outward. gerri: if they only knew how. they are so far away from what really goes on in these prints. it's hard for them to even understand businesses. how likely do you think it is that we will have another bailout? >> i think that obviouslwhen we have the next crisis, certainly the question will be when interest rates go up what will happen? it also raises the question to your point, is this the right approach or should the banks be broken up? the question, of course, if you have a good markets? the idea that we don't have monopolies, or do we have faith in regulators? even good-faith regulators don't have crystal balls in a shirt on. gerri: and you coming for coming on, we really enjoy what you have to say. this is the report that should get more attention. thank you so much for bringing it to us. >> my pleasure be one earlr i told you about mortgages for the using market. home

approximately 300 different accounts in various banks, the top of which was bank of america, followed by jpmoan chase, and then wells fargo. melissa: wow. >> so there are a lot of different things that he is doing. he hasn't targets those big three banks. he targeted all kinds of brokerage firms. melissa: i've got a lot of questions right away. first of all if he is on youtube talking about what he is going to do why isn't he able to be stopped? how was he able to steal $5 million already? >> he is basically saying i'm in russia and i can't be touched that is how he is looking at this. he is saying beyond the western law enforcement agencies and russian law enforcement agencies can be bought by me and all the people in his organizatio melissa: doesn't make sense when we saw a lot of same banks attacked by cyber hackers. they were trying to crash the website of the banks and slow you down and be convene anti-. now someone is trying to steal money and said hey that is good idea, let's steal some money, right? >> right. they are trying to steal your credentials. one way to do this, this is not the exact