the presenters this evening are our chief academics officer, miss brynn stevens, melissa dodd, and our assistant superintendent of middle schools, tom fung. >> thank you, commissioners. from this perspective, it looks dazzling. so we're pleased to present an update on the board this evening on the middle school redesign. my name is brent stephens, and i'm joined by two colleagues who will copresent this evening. >> melissa dodd, chief technology officer. >> good evening, commissioners, and department superintendent. my name is fong sung, and i am the assistant superintendent of middle schools, and i'm here to let you know that i will be participating in the middle school age redesign. i'm super excited and right now, i'm here to learn and listen and my colleagues are going to be showing me the way. >> so what we hope to do by way of this presentation is bring the board and the public up to speed on the most recent set of engagements that we've had on the topic of middle school redesign. we count that we've been in front of this body four or five times in the last two or three years to

i would say this, i happen to think we didn't need all of dodd/frank i think the things which you just listed by melissa as having been taken away as powers for the fdic were a big mistake under dodd/frank you want to have the ability to correct the situation. if you raise capital requirements significantly, you require that when you do loans especially on real estate, that you don't lend over at 110% of value, you limit it to 80% of value, that you require recourse and that you expect the people you lend the money to to be able to repay it and you require the banks to retain some sort of skin in the game to syndicate all the riskses out to other people and have it subdivided as it occurred in 2008. you do those things you're going to put in place the mechanisms to settle out the marketplace and allow you to have a constructive lending atmosphere and good underwriting. >> it's often hard to see a crisis until you're in front of it or potentially in it, but when you look back at the crisis that we went through ten years ago, what do you think were the most important changes that were put into place, eith