governor romney and the republican party's position is to repeal dodd-frank, which is financial reform. in light of the losses on wall street this week, you think we need less financial regulation rather than more? >> i think we need less. the fact of the matter is dodd-frank didn't work. the reality is we've got about five to ten banks in this country that on our gdp, those five to ten banks' assets make up a huge majority of this country's gdp. that's an issue. i do agree with too big to fail mentality is a problem, but i don't think dodd-frank fixed anything. i think they made things worse. >> so you're satisfied with the way wall street operates, with the kinds of bets that were taken by jpmorgan chase that led to this loss. you don't think regulation can remedy it? >> dodd-frank didn't remedy it. >> carl levin says the volcker rule, which would govern how