structure. the c f p b. for example, they re dealing with consumer contracts, and that s not the heart of what s gone wrong here. f d i c is trying to figure out how to manage the insurance of for depositors. and actually, i think this is a place thanks to the intervention that the treasury was forced to take weekend before last. i think this is a place now we re going to have to have statutory change because in effect, the treasury combined with the fed has said we re going to come in and start back, stopping all deposits back stopping the banks. and that means they re providing an effect a form of insurance and not charging for it. is there a way we saw some elements after the east palestine, ohio train derailment trans travesty. where we saw some elements of the populist right. the j. d. vance is of the world joining with some elements of the populist left the sheriff browns of the world. is there an
area here for the kind of actions you re talking about that conservatives could join with you? i think there is and it s the reminder that there are regulations that are helpful to all of us and the regulations are about safety. that s what obviously the train derailment was about. it s also about economic safety. we need a federal reserve that is doing its job and that is to keep these banks safe. look, no depositor, no small business, no family individual. should have to say i need to see the bank s balance sheet before i know that it s safe to put money in the bank. the whole idea is the regulators are supposed to keep those banks safe. you know, i used to talk about exploding toasters that you shouldn t have to be an expert on toasters to buy a toaster. we ought to know that they re safe. that s what regulations are about. same thing ought to be true about putting money in banks. it should be safe. banking should