If you are caught with an ounce of cocaine, the chances are good you are going to go to jail.

Well, it is somewhere beyond $881 million of drug money.

So you have no opinion on that? You sit in Treasury, and you try to enforce these laws.

The United States Government takes money laundering very seriously.

If I can, could I just ask a little more of a review question about this?

And who is responsible for making a determination about whether to revoke the charter?

A bank that launders drug money or terrorists' money can be shut down, and individuals in the bank can be banned from banking.

So you just said to the Justice Department, 'You are on your own in figuring this out'?

The Justice Department, in making its decision whether or not to pursue a criminal prosecution, checked with the Department of Treasury to determine your views on whether or not there would be a significant economic impact if a large bank…

What does it take to get you to move toward even a hearing, even considering shutting down banking operations for money laundering?

So whether or not you could revoke the charter depended on what the Justice Department did.