folks seem to be looking, if the firm goes down, where do the tentacles expand to. that determines whether the company is systemic or if they have counter parties in europe and in asian. it s really how far do their tentacles spread into the financial sector. in today s world. isn t everything interconnected? that s a huge issue. so many firms are interconnected. a hedge fund that does a lot of swaps with participants around the county, they would have a bigger impact because people start calling their positions, they would be unable to make good on their decisions. i can guarantee there s going to be a lot of lobbying. i think this needs to happen fairly quickly. the firms say they need to know if they re going to be designated as systemic. they put a request out for comment. get your comments in quickly because they plan to move fast tom, what did you hear from the chairman? i think it was interesting. she was quite frank in the problems of the neweraa new era of re