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Moved up. i don't know of anybody in our caucus that doesn't want to fix the problem. but the questions out there -- it's good for your listeners and viewers to know, is where are the underrighting standards. where is the leverage ratios that limit exposure so the american taxpayer? where's protection for smaller banks? you heard lloyd blankfein say they want this bill. they're winners. the bigger are the winners, the market isn't necessarily the winners. we have to do some changing. >> neil: can i ask you about that goldman thing and whether it amounted to a witch hunt. this is a peek from ye...

And if you're putting some kind of limitations on them, might that make them more vulnerable to collapse? this sounds like there could be many unintended consequences to trying to define -- the government trying to define the size of banks. >> we listen to people. for instance, we listen to a lot of people who are experts on this, mainstream economists who have worked for the fed, some still do, and got their views. and all kinds of people who really understand this industry say that it does threaten us if they're too big. we do things like the leverage ratios instead of 30-1 should be 16, no ...

Of limitations on them, might that make them more vulnerable to collapse? this sounds like there could be many unintended consequences to trying to define -- the government trying to define the size of banks. >> we listen to people. for instance, we listen to a lot of people who are experts on this, mainstream economists who have worked for the fed, some still do, and got their views. and all kinds of people who really understand this industry say that it does threaten us if they're too big. we do things like the leverage ratios instead of 30-1 should be 16, no more than 16-1. we've limited ba...

Part of 30 years of deregulation and bad judgment on wall street. we tried to look at sub prime debt and go after it. we were set down by the sec and occ and poerps this was during the presidency of president bush. we had to litigate that in the supreme court and win, but it was too late. put all that aside, this stuff was convergence of so many forces. >> you saw a lot of this coming. >> it was a structure and an industry where so many pieces were coming together that created conflicts and tensions, the precisely sort of cases going to emerge. nobody knew where the loyalty was supposed to go....

And if you're putting some kind of limitations on them, might that make them more vulnerable to collapse? this sounds like there could be many unintended consequences to trying to define -- the government trying to define the size of banks. >> we listen to people. for instance, we listen to a lot of people who are experts on this, mainstream economists who have worked for the fed, some still do, and got their views. and all kinds of people who really understand this industry say that it does threaten us if they're too big. we do things like the leverage ratios instead of 30-1 should be 16, no ...