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There s an industry, that too big to fail has been solved. i don t think the changes have but soledad, what industry, what industry of such import would we say, well, we re knreay sure whether or not we ve got it under control. and this is why sherrod brown and david vitter have come together and said, look, we have a bill that will adjust the capitol requirements on banks and make sure that we re prot t protected. and the fact of the matter is, i understand that barney franks thinks he did some important stuff. but that i has not been dotted. that t has not been crossed it s hard to ask the guy whose name is on the bill, does the bill have teeth. that s a little counterproductive. i think that s right. and i think the problem with the dodd/frank approach, it assume ifs the regulation is clever enough, you can get things so, yes, the banks will be very big, but they will be safe and have ways to unwind them if ....
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 ....