mr. hinajosa, for five minutes. >> thank you, madam chairwoman. >> mr. hinajosa. >> and then i'll come to you. >> thank you. most people, most people agree that the lack of the regulation of the nonbank segments of the financial industry such as the nonbank mortgage lenders and the derivatives market was a very large contributor to the recent financial crisis. one of the cornerstones of the wall street reform act was to insure that going forward, the regulators can reach any financial company whose failure or activities could threaten our whole system. my question to mr. auer, is do you agree that the wall street reforms act mechanism for designating nonbank financial companies for federal supervision as implemented by the fsoc's recent final rule, will help prevent future crisis by insuring that there is no place to hide from appropriate regulation? >> thank you, congressman. yes, we've view the authority to designate nonbank financial companies that could pose a threat to the financial stability of the united states as a key part of the dodd-frank refor