Attention to that and done a better job. And if we havent made real discernible progress in that the next several years thenly be disappointed in myself and in the bureau . Very short answer to this one, is there a political future for Richard Cordray . Which would consider running for an Elective Office in ohio . Its not a political job. I understand its a job done in a political con teblings but its a federal context, but its a federal job and thats how i see it. You can send more questions morningmoney if you have something in mind get it ready in the next few minutes. One good question that came in how does this cfpb choose the market and which authority . How do you pick in the nonbank area what you focus on and which tools you use . I think your question there just illustrated there are a lot of choices to be made in terms of how to prioritize our resources and our work. How do you pick in the nonbank area what you focus on and which tools you use . I think your question there ju
They dont want to be designated but they also said the fact that they are closely supervised by the that is one of the most to the community. So the fact that they dont want to be close and supervised by the fed is simply the size alone and theres nothing they can do about it unless you want to break up fidelity. Thank you for asking. Okay, so banks greater than 50 billion dont have a choice. That is my time. Im sorry, did you want to talk over me . We know that. Believe it or not, the time alongside the gentle lady from new york. So why did they not want to be designated. Designation and supervision is what leads them to think this, so why would they not want to be designated. Again, at the time alongside to the gentle lady from new york area. I rather hear discussion between the two of them than the majority of people here on both sides. You are recognized. I agree with that. Here you have to have designation, which is aig and he had no choice and they were silent and the other Insur
And they wouldnt have stopped any of it. You couldve made all those bad Mortgage Loans. And then the question is if you break up the bank and its its part of the issue. Its one of the things that we asked him to look at with regard to discretion. And so why i changed my own position, i believe didnt agree with this but they are part of the complexity and i think that its not just about complexity but its a very good way to diminish this complexity. So my question is what is the level in which you have to get them down and precipitating this was a failure of the Lehman Brothers, so presumably if you think that no bank should be too vague than the big issue would be Lehman Brothers was like this at the time. And so then how does the federal Government Order dismantlement. I do think the complexity issue of the bull rule also has an amendment that was offered by paul when he was here which does give the fed the power to order the divestiture of any particular segment in particular institu
Buzzing about carl icahn, eyeing apple as his next target. Bob, whats going on . Reporter it was a very interesting new world tweeting out positions like this. Lets look at apple, folks. 33 million shares . I looked at that and blinked, because normally apple does 10 million. Three times the normal. The tweets carl icahn sent out. We currently have a large position in apple. We believe the company to be extremely undervalued. Spoke to tim cook today. More to come. Well, there was more to come. Theres the next tweet. Put it up. Had a nice conversation with tim cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly. The company did come out and say that acknowledged there was a meeting, nice to talk to mr. Icahn. The bottom line here, folks, the stock market had a great day. And apple moved up and that helped the nasdaq. Let me move on and talk about the rest of the market. We saw the market down throughout the day. This has been a patte
Concerns. So ill be up testifying in front of the Senate Banking committee again on tuesday. I do that before both the House Financial Services committee and the Senate Banking committee, required to do it at least every six months. Typically its been a bit more frequent than that. [laughter] but i always value that opportunity and look forward to it again next week. Its always just because republicans on the House Financial Services just really like to see you and talk to you because they really enjoy your company. Which i try to help them enjoy my company. On those questions of both oversight from the committees and pushback responses from industry, what are maybe one or two examples of things that you have responded to and changed based on that oversight, that feedback . I think specifically about the review process with banks there was concern at first that there were enforcement attorneys coming to these things, they were more adversarial than they necessarily should have been. Yo