tries to regulate the counterproductive approach as it tries to regulate what's called derivatives. we need stronger derivatives regulation, and i've got a proposal to do that, but the proposal in the bill that we're considering basically creates -- actually, in my opinion, it will unbalance the situation and create a weaker regulatory environment and probably harm our credit markets. jon: the republicans essentially blocked the bill on three successive occasions and then relented. why? >> well, because we wanted to be at the table and negotiate how the bill could be improved, and we did. we were, as a result of saying we weren't going to go forward with this bill until we participate in some negotiations on how to improve it, we were able to improve it. senator shelby working with senator dodd got a much better piece of legislation relative to one issue which is a very important issue which is the issue of too big to fail. no company in this country should be too big to fail.