the white house called the sec chairman ray garrett and asked him if the sec wanted the authority that it gave to the cftc. and ray was a man i worked with and admired rightly said, are you kidding? we have a harder time doing what we have, why do we want to take on higher things. i think it would produce a better regulatory environment. >> i will say as a last thought that the agencies i think are working better together now than i've ever seen them work in my career. so something's working. >> and would you like to weigh in and disagree with them? >> i know better than to disagree with them. >> words for our children, is there still going to be money in banking? >> there's plenty of money in banking. >> when harvey says that there's a brain drain in banking, every banking official that came to me on pay, i was told if they didn't pay what they asked, they would leave. and the ceo would say this person is irreplaceable. i reminded the ceo the graveyards are filled with irreplaceable people and most of them are still at their best. >> on that note, i want to thank our panel very much.

in 1974 when the cftc was being created, ray garrett was asked if they wanted the authority that he gaveto the cftc. ray was a man i worked with and admired. he said, are you kidding? we have a hard enough time doing what we already have. why do we want to take on all these other things? the market has evolved since then. having a more uniform approach to these issues would be so much better for everyone and would produce a better regulatory environment. >> i will say that the agency's are working better together now than i have ever seen them in my career. something is working. >> would you like to disagree with them? >> i know better than to disagree. >> there is plenty of money in painting. when harvey says there is a brain drain, every banking official the came to me on pay, i was told if they did not say what they ask, they would leave. the ceo would say this person is irreplaceable. i reminded the ceo of the graveyard's killed with irreplaceable people. most of them are still at their desks. >> i want to thank our panel, a great discussion. thank you to everyone here for staying to