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It's a system that says that if a bank would put together what is known as a 10% simple leverage ratio, have a very strong capital, more capital required than dodd-frank, they they essentially can have a dodd-frank offspring, privately finance insurance policy against failure. so we would replace complexity with simplicity, we would replace bailouts with bankruptcy and we would replace federal micro management with market discipline in a word, maria, we would let freedom free, a lot of economists have supported this including nobel laureates. a committee will mark up legislation next week and ...

Is to delegate decision making. he is distancing himself from the micro management that took place in the previous administration and i think he was involved in at the beginning. he doesn't want to do it. he sent the decision making down to the field commanders. that's where the decision was made. i agree that he didn't know about it until we knew about it. which is perring ifly fine. he is happy to say his military. i'm reminded of lyndon johnson, i think he feels the same way. >> does it bother you to hear a president call it my military? >> not at all. because at the end of the day -- look,...

Chinese. but we've got to build a defensive missile system in japan, south korea, and the u.s. navy in the region. these people are going to put the u.s. at great peril. >> and would the people on the military side of this, the other four-star generals, because we heard from the president when he was asked whether or not he had ordered that big bombing in afghanistan. he said, you know, he's given a lot of power to the generals. we know before he struck in syria there were a series of meetings over a 72-hour period. what you said to me is that exactly what you would expect the people in charge...

Afghanistan or in iraq. possibly if it were something outside, you know, something in pakistan or iran or north korea that were being contemplated. yes. but in afghanistan, i don't think so. but to go to your question, brian, perhaps there is a psychological piece of this, but my sense, my strong sense is that this was advised by the generals on the ground for the target, for the tunnel infrastructure there to get at the isis target. and if this wasn't meant to send some broader message, about what america can do around the world. >> jack jacobs, what do you make of the learning curve here, wh...

Street. we'll see where that goes. the other question is a little more economic, metaphysical but i want to ask you -- >> bring it. >> is there something wrong with someone with incoming power, a federal official, in this case the president, getting into this level of ad hoc casual detail about which companies are going to do what while he oversees a federal government, regulatory approval of deals? is there anything that concerns you about that? or do you buy the argument from trump boosters this is different, we need different. >> what we often have and this is just the way presidents will a...