I do think in today's discussion, which is important, we should also think about it in the context of what is happening in the real and political world.

It is a blunt instrument. It is not achieving the results as effectively as actions of Congress would.

And so, there is no emergency funding available to financial institutions which are designated systemically important to manage their liquidation?

But firms which have that designation have emergency funding available to them should there be a crisis, is that correct?

Please do not rely on theories. Please understand that theories alone can be dangerous.

First, do no harm. First, do no harm.