tom, i was here last week for the snap chat ipo. it is so difficult these days to go public. the regulatory hurdles. you talk to companies every day. do you think we are going to see a severe increase on the companies showing up, going public? we are going to see an increase and we are expecting a lot of ipos. to point out to viewers, the number of companies isowny half. however, t aggregate value is up by three times. the public market is working for large companies. my goal, my personal goal is to make it work for small/medium size companies. one of the things the trump administration is saying could get us in that direction like smarter, regulatory fraikwork. is it a fair argument to make loans haven t been made? there s access to capital and regulation is put in place for protection, not to hurt. absolutely that argument could be made. if you listen to testimony by the fed chairwoman, janet