several more that have started reporting back saying that they believe that the estimates of 5,000 barrels a day are rather low and that they believe that it is leaking many, many more barrels of oil and in some cases up to 70,000. one professor from purdue university. others have a range between 20,000 barrels and 100,000 barrels. the bottom line here is by everyone s standard, even bp, government officials and all of these experts, they say that it s impossible to pinpoint exactly how many barrels of oil are spilling into the gulf of mexico every day. it s almost impossible to calculate but bp insists anything beyond 5,000 barrels is completely exaggerated. that s not what our experts, multiple experts, not only from bp and the industry say. this crude is what s called a light sweet crude. it has lots of gas. when it comes out, it expands rapidly like bubbles in a soda
and if you re putting some kind of limitations on them, might that make them more vulnerable to collapse? this sounds like there could be many unintended consequences to trying to define the government trying to define the size of banks. we listen to people. for instance, we listen to a lot of people who are experts on this, mainstream economists who have worked for the fed, some still do, and got their views. and all kinds of people who really understand this industry say that it does threaten us if they re too big. we do things like the leverage ratios instead of 30-1 should be 16, no more than 16-1. we ve limited banks in this legislation that no more than the deposits should be no more than 10% of the deposits
of limitations on them, might that make them more vulnerable to collapse? this sounds like there could be many unintended consequences to trying to define the government trying to define the size of banks. we listen to people. for instance, we listen to a lot of people who are experts on this, mainstream economists who have worked for the fed, some still do, and got their views. and all kinds of people who really understand this industry say that it does threaten us if they re too big. we do things like the leverage ratios instead of 30-1 should be 16, no more than 16-1. we ve limited banks in this legislation that no more than the deposits should be no more than 10% of the deposits for all banks in the country. that s still very big, but it does put some limits around how big these banks can be, and the risks they can pose to the system.
there is more confidence this time, but we ve gotten yet another news of a glitch. so i would refrain from saying much about saying whether this will work or not. there is so much evidence about bp s history, and i want to take you there for a minute in terms of all the problems, repeated problems with short cuts that they ve taken, with what other people in the industry say that they made serious errors in this well and perhaps other wells. at this point, do you think that bp is an outliar or is this a problem with deepwater drilling? the question whether thmis a one off event that was the consequence of a dysfunctional company that was challenged by safety as we saw in texas city and in alaska within the past five years, in collaboration with an agency that was supposed to regulate them that was captured, possibly or whether there was some kind of systemic problem with the technology with
and if you re putting some kind of limitations on them, might that make them more vulnerable to collapse? this sounds like there could be many unintended consequences to trying to define the government trying to define the size of banks. we listen to people. for instance, we listen to a lot of people who are experts on this, mainstream economists who have worked for the fed, some still do, and got their views. and all kinds of people who really understand this industry say that it does threaten us if they re too big. we do things like the leverage ratios instead of 30-1 should be 16, no more than 16-1. we ve limited banks in this legislation that no more than the deposits should be no more than 10% of the deposits for all banks in the country. that s still very big, but it does put some limits around how big these banks can be, and the risks they can pose to the