powerful banking committee for years while this was happening. does congress have a role in what happened and why should we trust it now congress will be able to get it right? zbh i became chairman of the committee about 36 months ago, not years ago. we decided to hold hearings in january/february of between. these matters had been gone or for years. i don't disagree they should be far more accountability. but my job as chairman began that many months ago. >> thee years ago you're saying. >> that's right. exactly. january of 2007. the fact of the matter is, little or no transparency, this job has very strong provisions. the derivatives aren't bad necessarily, it's the idea you have clarity and transparency and accountability and regulation of them so we know what's going on and don't end up with the kind of problems we've seen. they've become bad words, if they are well run they can be a