governor timota pawlenty is joined by fdic vice chairman thomas hannigan. this is an hour and 15 minutes. guess i you for what i would call a gracious introduction. many of you have probably watched me and now you will get to hear us talk. gentlemen certainly need no introduction. tim and tom, two of the most influential voices on the current state of banking. .im pawlenty nearly 100nt financial institutions. very important role. before that, a lesser-known role, governor of the state of minnesota. fdic,ice chairman of the many of you know him. many probably thought he would hang up his hat in 2011 when after 20 years as head of the kansas city fed, he stepped down. less than a year later, you reemerged. back and better than ever. i think we are going to start with some prepared remarks. we will start with tom. i will ask them questions and we will open it up to the audience after that. >> thank you. i didn't know until this last panel that some people wish i had hung it up. [laughter] never be detoured is my model. that is what i am going to talk about tod