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Are not dozens of them around the world. And i suspect that in many cases the discipline thats been applied to risk control and Risk Management are some of those clearinghouses and related organizations probably is not what it should be. I suggested, for example, that for all of those mechanisms there should be, among other things, minimal standards whereby using stress tests and related techniques, you should have a standard that would say that any one of those organizations anyplace in the world showed, among other things, have the capacity that at a given business day they could survive the simultaneous default of their two or three largest artist events. So thats pretty draconian stuff. But i think it is symptomatic of the fact that weve got a lot of work to do to get our arms thoroughly around the shadow system. Keeping in mind, above all else, that it is in my judgment a twoway street. I would agree with that. I think doddfrank try to deal with issues associated with basically tw

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