Janet Yellen actually said...

I would hope that going forward, one thing we have learned from this crisis is there is a need for all of us in regulation to act in a timel...

The first key challenge will be to improve our supervision particularly of the largest and most complex bank holding companies.

I think personally I gave speeches in 2005 warning of that possibility.

the Federal Reserve has just concluded actually on Tuesday 40-odd sessions we have had around the country