Robert Menendez actually said...

The consolidation took place in such a way that entities became so big that they are too big to fail.

But up until now, to be honest, wasn't the drive to basically say, leave the marketplace to act on its own, and if consolidation took place,...

Thank you. I have one last question and one follow up and then we'll, unless a member appears we'll close the hearing.

Can't regulate if you don't have the authority, so I assume that you're taking the position that you have the authority.