we are joined right now by russell goldsmith, city national bank chairman and ceo. deposits, largely based in l.a. do you think there's a chance that the choice act gets through the senate? >> i hope there will be something that gets through senate. i don't think it will look anything close to what the choice act is. i think as you heard from your kbw guest it will take a while. it's stacked up like over -- like planes over jfk to get to this. i think it's time to take a fresh look at dodd/frank. seem glad to see the house act and kind of get the debate started because for seven years we have piled on a lot of rules and regulations. and it needs to be re-examined. >> what sort of priorities within the framework of a choice act or a dereg of dodd/frank are most important to you and banks like yours? >> i think what's happened is the pendulum has swung very far toward restrictioning -- restricting what banks can do and how dodd/frank has been looked at restricts what the banks can or should do. i think there's good things in dodd/frank. then there are some things in t