how much of that do they need to -- thatk? is the debate is the debate.e may require more capital or reserved for cushion in the future if we have continuing concerns about systematic risk to these large organizations. she signaled they would be amped up even higher. our members are concerned if you go too far what you're going to do is put them at a competitive disadvantage against other banks that do not have that high of a requirement. it is also going to stifle lending which is going to keep the economy moving in a positive direction, particularly when it is still fragile. >> with all the rules in place, do you think they are reaching a point where the concern will this? are we reaching a point where regulators are not as fearful about that? >> if you look at the public s and summarize them, they say we have required much more capital. we required a living real -- have a plan already in place to wind it down. we have much more regulation, much more oversight. examinations. enforcement actions. combined represents great progress to make sure we do not

the lady who runs that has done a fantastic job. , i think thatking is a good area for them.g hit by slow debt and mortgage. we know,t banking as there are so many headwinds around. not just fixed income news but the need to push back on costs. the need to continually deal with the changing regulatory landscape which seems to keep moving. >> thank you very much for joining us. >> we'll have more on the numbers as they come throughout the morning. we are still looking for a reason why the ceo left the company. gross says media coverage has been over the top. >> the past two months have been silly really. breaking news, gross gets mad once in a while. i am not quite rob ford or lindsay lohan type of headlines. >> he also spoke about the recent developments opted introspection. something like this over the past two or three months causes .ne to re-examine your self the michael jackson man in the mirror in this particular case. are you the person you thought you were or are you the person others thought you were. >> what is your answer to that? >> for the most part i am the perso