clear and direct contact was necessary to avoid accidents or misunderstandings. earlier, mr xi described china s relationship with the us as the most important in the world. president biden made his comments at a news conference that mr xi didn t attend. i welcome the positive . steps we ve taken today, and it s important for the world to see - that we re implementing the approach in the best traditions i of american diplomacy. we re talking - to our competitors and the key. and just talking, just - being blunt with one another, so there s no misunderstanding, |as a key element to maintainingj global stability and delivering for the american people. - and in the months ahead, we re going to continue to preserve i and pursue high level diplomacy | with the prc in both directionsl to keep the lines of communication open, including between president xi and me. he and i agreed that each one of us could pick up i the phone, call directly- and be heard immediately. i think i kno
don t know who put this in does this embolden them and say this is how we get other stuff we want in the next year or two? i think it does. i think this certainly sets up a worrisome precedent and, as you and sahil were describing, nobody can figure out what the heck happened. so it s also interesting to note that these guys have come roaring back. i mean you might have thought that jamie dimon citi bank and jamie dimon at jpmorgan, got $50 billion in taxpayer funded bailout. let s be very clear about who we re talking about. you might think that they wouldn t necessarily have the lobbying sway that they ve had. but in fact, but in fact they clearly do. and one could argue that this sets a precedent with a tougher congress coming in for precisely the kinds of deregulations that you guys were talking. jared, could i also ask you, if the banks have expended this