we are going to give a Federal bureaucracy the ability--who has never had any experience--to come in and run a company like Goldman Sachs

I don't think we have gotten there.

The option in the Dodd bill is to tax you so that we can have a fund, and I have real problems with how that fund is managed.

I think 90 percent of the problems associated with the meltdown in our mortgage system and the financial crisis sits on the lap of Congress.

Systemic risk and the fact that it was there created the necessary program for us to eliminate that systemic risk.

their existing function is they take over and immediately sell the assets and they don't run things, correct?

The answer to that is absolutely no. Nobody is going to believe they have the capability to do that.

Do you have any thoughts on the fact that this bill doesn't address underlying core problems like Fannie Mae and Freddie Mac?

$700 billion got allocated of taxpayer money to solve systemic risk problems, of which you were the beneficiary both directly and indirectly of a portion of that.

No institution should be too big to fail or have to burden the public with the cost of its failure or being saved.

The tone set by that, if I worked for Goldman Sachs, I would be real worried that somebody has made a decision that he is going to be a whipping boy.