mr. garret.ou say that dodd-frank was a tradeoff between economic growth and the probability of periodic recessions. why do you say that? >> yes, sir? >> financial remediation is important. it's one of the most important things that causes economic growth. if you think about it, if you have an economy that has a single bank and a bank gets into trouble, there's no way for savings to be translated into investment any longer if the bank fails. financial intermediation is the way the economy collects savings and puts it into investment. what dodd-frank does is it tells the regulators to empower them and there are kinds of bad financial remediation. it causes risk. we're not sure what those are. it's up to you. you figure it out what mediation you think is bad and go out and regulate it. the problem is, the goal is to create financial stability. but financial stability is the, is the absence of a crisis. a crisis, you can have a very stagnant economy with very little growth and there's financial stab