aughts, the occ became in courts for making itself so attractive to big banks, the banks like jpmorgan eagerly took federal charters over state ones. because there's all these different entities that regulate banks, there can be a race to the bottom. >> oh, yeah, totally. >> this is a really important -- the occ regulates banks and she would be the head of that regulation, is that how this would work? >> that's the basic deal here. understand we have had recent occ -- it's called controller of the currency. we had recent people in this position who refer to the banks, these giant banks, as the customers of the occ, and how urging the staff to be better on customer service -- excuse me, they are supposed to be the government that is supposed to regulate these big financial