I think it's a shocking number. We should be doing everything we can to drive that to zero.
Good.
I want to hit the very last part of this, and that is the intersection of size with risk with cost.
We cannot imagine this happening to a $2.4 trillion institution.
I would not draw any lessons and apply them to all banks.
Good point.
It is unquestionably true that, on average, larger banks are involved in riskier activities.
I find that hard to believe, particularly for banks in the United States.
So we cannot win the battle against too-big-to-fail just by attempting to make banks safer.
I am a little skeptical on the point, but I want to open it up to the panel.
I think the language in the statute is pretty clear that you are required, the Fed is required to call it every year on ...