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to this fund, give them their treasuries and get back at face value a loan that s just injecting cash into that bank and the b word might come up. i think it is worth keeping an eye on that part of this response doug, when it comes to supervision and regulation, we know some lawmakers have come out and attacked 2018 law that rolled back the banking regulations. we saw an op-ed that said they would have if this hadn t been passed subject to stronger requirements, would have there to expose their vulnerabilities, do you agree that tougher restrictions should have been put in place i don t think that s the lesson of silicon valley bank. the lesson is under either set of rules that the banking examiner should have seen this this isn t about the framework for regulation it is about the execution. you can t have a bank exclusively holding an asset that is going to diminish in value really rapidly as interest rates go up. that s the wrong thing to be doing in this environment.

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