sounding a little more. but to go back to jamie dimon a minute, that s connected, yes, he s bril dwrants and can answer any question, but the bottom line that the fact that banks are allowed to take casino bets and the taxpayers are still on the hook if the bets go wrong, has not been solved. so that s one of the other irony with obama. he s getting tremendous flack from wall street, but he hasn t really dealt with it too big to fail problem which is essential in any mature, responsible capital system. and peter, you re with citigroup now, is too big to fail gotten even bigger? look, i think what we have to do in the banking system is have a lot more capital, which is happening, and then what happened at jpmorgan which jamie admits is just the simple management failure and you need to, you know, partly just execution. i want to come back, though, to the broader issue. governments are very unpopular
called ted cruz. they are being labeled heroes for something. when republicans were digging their heels in, when mike lee and ted cruz were doing this, they were bringing down the government. have some consistency, media, it s the same thing. our business expert on the couch, e. mac. without getting buried in the details of high risk derivatives and what republicans and democrats allow them to do, i m a little disappointed that republicans would allow the big banks to take risks on things like derivatives that were banned in dodd-frank, just a 30,000-foot opinion where you stand. this is not something that people favor, bailing out big banks, and republicans got onboard with a lot of democrats to do this, and i m pretty upset this morning. at this point elizabeth warren is standing up for the taxpayer and the bank depositors. she s saying big banks, stick your derivatives trading in a separate unit, do not use deposits to back up your risky casino bets. this is an interesting point