if you can go count the pages, the massive increase in regulations, banks were misregulated,s no deregulated a lot of people point and paid no role in the financial crisis. banks like washington, countrywide had no obligation. maybe citigroup was a little worst. the industry was not deregulated. it was missregulated. >> do you think that the federal reserve it was up to her ideal that she expresses in her words? [laughter] >> no, i would go beyond that. i had the opportunity to talk to ceo. i've asked him a simple yes, do you believe in price control. in other words, could a group of experts in washington, d.c. set the right price for an automobile. absolutely not. that's crazy. well isn't the feds setting a price and the group of experts know from the competitors, we set wrong. they had no answer. >> well, thank you. i have no further questions for this witness, your honor. >> very good. would you like to cross-examine the witness? >> you have five minutes. >> and then turned it into securities. when you say those securities were priced accurately by financial markets -- >> i would say they