confidence in the always strong liquidity in the market and increasing liquidity. all i know is obviously he says yeah, some liquidity is good but at some point let s stop it or let s stop its growth. thousands of institutions are ready to do trading in hedge funds and private equity and there is not a shortage of people willing to do that stuff. the other part of your question? . want to make a distinction between what banks can do and others can do. if all the other institutions can get bent licenses, it will be fair game for commercial banks to do that stuff. it will be at greater risk. that is what i want to avoid. a question on derivatives i used to head the chicago mercantile exchange. derivatives traded on the exchanges as he their futures contracts or options contracts obviously have some protection because they are cleared every 24 hours and are marked to market now you have a lot of people in this legislation who would like to have exceptions from that so th