>> mer il lynch was different. the operating company mer il lynch was a tremendous capability for-- the issue was they came with $20 billion-- and it caused great dilution. i know that avoids the answer but from an operating business it was a homerun transaction, from a shareholder we issued more shares than we should have and that i am still working through. >> you do believe in the idea of a universal bank. >> absolutely. i believe in universal bank because our customers demand it of us. if you go to a middle market client in charlotte or san francisco, middle market client in new york, their business is globalized. go back to our earlier discussion, they have factories around the world, they are buying resources around the world. they're selling into the world's markets, so if you think about that client, they have to have a bank that can help them figure that out. and so our business of kormt investment banking, certainly the largest companies in the world or middle market banking is a global business and requir