necessary. the problem with the alternative approach from brown and vitter is that it's just this very gross leverage cap where you say, well, we'll make the banks safe by telling them that they have to have lots of equity. and i think that's a good policy. but if you just do that and you don't also do the complicated dodd/frank approach, then the banks can stuff themselves with really risky loans, where even if you have a lot of equity, you can still have failure. so i think you need both. i have his frustration. there's a lot of value in the dodd/frank law. there are things that it's doing that will make the financial system safer. i think he deserves some credit for that and i think he feels like he's not getting it. >> but it feels to me like part of the issue here has to do with this idea that sort of capitol greed finds a way. so this is your point about both simple and complex -- >> absolutely, absolutely. capital and greed have found a way here. this is 2,300 pages, the dodd/frank law, of what i call gobbledygook. and it has not even been implemented yet. so barney frank can say all he wants that when the next goldman