interests. we have mortgage leaning standards now which we needed in the run-up to the crisis. ben bernanke and others acknowledged that. i think actually it s not duplicative. it s a transfer that is focused specifically on consumers issues. the fed was a third, fourth tier priority. neil: you say focus on consumer issues. you could argue if someone has had a bad trade or an investment bank has gouged them, the sec is going to raise the say you guys stand up to the consumer agency. or if there s a banking agency about whether they were supposed to insure you and didn t, that will raise hackles. i could easily see how this dissolves in petty bickering. hopefully it won t but the consumer agency doesn t have jurisdiction over securities or insurance. just credit.