intelligence is working with the committees and looking forward to working with the chairman and pearl mudder on these issues. i look forward to working with you, thank you. >> yielding five minutes for questions. mr. secretary, you're probably familiar with the federal reserve report of 2016 dealing with the voelker real. and you may know that the director of the imf's monetary and capital markets department provided another critique of the volcker rule saying it can impact theability of institutions to supply credit. we have a recent study conducted by the bank of england, saying in their stress simulation, material increase in spreads and the corporate bond market, and in the extreme, corporate bond market dislocation can threaten the ability of financial markets. so, particularly, as head of this, what are your ideas on the voelker rule. >> and i see you have the debt clock up there today and hopefully i will get out of here before it gets to 20 trillion dollars. in any event, as relates to the voelker rule, this is something that i share your concerns. i think the biggest problem with th