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For cataclysm crisis, the banks have too much power. do you have think the banks still have too much power post dodd-frank? >> in some ways yes but the question is not whether you should do more but how you do it. i was very pleased that senator sands are who voted for the bill noted that -- one of the things he said he was going to do was use some of the powers we put into the bill for the regulator. we have the volcker rule. so i think that as of today, yeah, they are still more powerful than they should be. in terms of bailouts, we made them illegal. the big bailout was of a.i.g. the bill t...

How big is too big? nobody likes excessive big. the other issue is and hillary clinton is quite right, working with some very thoughtful people, like gary gaessler, who is the best regulator, a lobbyist for tough reform at the commodities futures trading division, you've got to get specific. and you do have the non-bank, the shadow banks and simply breaking up morgan stanley or the bank of america isn't going to do anything, literally not anything to restrain shadow banking, which is why secretary clinton is very specific about what to do about it. >> let me ask you this. part of the context o...

How big is too big? nobody likes excessive big. the other issue is and hillary clinton is quite right, working with some very thoughtful people, like gary gaessler, who is the best regulator, a lobbyist for tough reform at the commodities futures trading division, you've got to get specific. and you do have the non-bank, the shadow banks and simply breaking up morgan stanley or the bank of america isn't going to do anything, literally not anything to restrain shadow banking, which is why secretary clinton is very specific about what to do about it. >> let me ask you this. part of the context o...