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Here? you saw the disintegration of the financial system. you can't just blame foreign competition. what was wrong with the system here that should now be put right properly? >> look, you're always going to have problems with financial systems. i went to the wharton school of finance, which is the best business school probably in the world. i dealt with people who are super brilliant people. i know how smart they are. regulation, they don't know what a regulation is, and they find ways around them. you have smart guys writing regulations, but you have smarter guys figuring out how -- >> should...

Isn't that what you would do? >> i think it's great, but if you look at what happened to general electric, what happened with them with technology, they had to give up all their technology to kind and build plants in china and do all these things. hey, i like the chinese. i'm fine with the chinese, and if i were them, i'd be doing the same thing if i could get away with it. we can't let them continue to get away -- >> what are the other problems here? you saw the disintegration of the financial system. you can't just blame foreign competition. what was wrong with the system here that should no...