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Pressures on. Judge, the banks are going to bring it. And i think pete and perhaps josh earlier in the week were both talking about how the pause button was hit for the financials. Could have been you as well, steph. Do we just hit play again today . Yes, we did just hit play again today. And turned the volume up. Significantly higher for a whole host of reasons. Not the least of which this week we had a lot of chatter about regulation roll back. Weve had dodd frank. How many times. If we had a dime for every time they said dodd frank in the last 24 hours, we would be able to buy warren buffet...

And this week on the communicators we talk to members of congress about the legislation they are proposing. First up senator al franken. Senator senator al franken, you hailed a failure of the comcasttime warner merger as a win for consumers. Why . Guest because i firmly believe if comcast were allowed to buy time warner they would have been to go big anticompetitive, led to higher prices for consumers, less choice and if it is even possible they would surface. Host is it because of the size . Guest the size and parts of different markets. They have 30 of cable between them and 57 of internet ...

Besides, they do have substantially different responsibilities. We need a small numbers with highly trained and experienced people. When you think about the heroes of our profession, Charles Bolin were people from that era after world war ii georgia, these were individuals whose careers were assiduously cultivated and studied russian and get critical assignments and were advisers to roosevelt and atkinson and george washington. We we didnt create these people by the hundreds. They were created by the dozens. I think that is still true. I i mean, i could name for you even now i had a i had a pr...

I dont think if it was, i would have said so. I think as pressure is brought to bear on that group, we will increasingly seek to leave. Our estimates that are half of south africas white middle classes have Foreign Residents rights if they choose to exercise those rights. You say why are we there. Every individual will have to talk for themselves, but certainly i think my colleagues and many others want it to be a success and want to be an influence in allowing it to be successful because while its turning against us, those upside scenarios remain within reach for south africa and were not goi...

Forgive me for turning this into a lightning round. But general clark we talked , about systemic financial risk. I wish we had five minutes to devote to this. Were basically out of time, but you talked about a book you wrote that discuss this and maybe you can give us the kind of elevator version of it. Gen. Clark dont wait for the next war. We create an awful lot of debt in the Financial System and we havent addresses the systemic issue. Still hundreds of trillions of dollars of derivatives based on Interest Rate and if you ask the inside banking crowd, when are we going really raise Interest...