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See that -- see the policies that we've creating have been appropriate. so i'm looking forward to that t looks like maybe the majority is going to grief for us to have a hearing and hopefully we will gain some understanding. >> he will with, the issue is, not to be too complex, was it a hedge or a proprietary trade? did the volcker rule apply and perhaps watered down the way it was jamie dimon. >> well, i think what you've just said is true. was this a trade or a proprietary he proprietary hedge, period. i know that you follow these things carefully. we had one hearing on volcker and it was re...

They were. do we have to downsize these banks to hedge against further risk for potential risk of the taxpayer? >> well, you know, i think you know that i was really involved in dodd frank and yet i voted against it and it was for the rereason that you're bringing up. i really saw what we were doing was going to cause the big banks to get bigger and really put a pressure and cause them not to be competitive. a lot of people have said, if we had glass in place, this couldn't have occurred. the regulators i've talked to if volcker was fully implemented, some regulators were saying not so. some p...