Jack Reed actually said...

But that leaves us in a situation of how do we build in, because our responsibility--build in rules and regulations that prevent, as you wou...

And the irony to me is that if there was a good Volcker Rule in place, they might not have been able to do this because it clearly does not ...

So there is a possibility, in fact, if it is done correctly and proposed, which I hope it is, that it could have avoided this situation?

For a nonfinancial company, you could be doing hedging as an end user, but you could also be very aggressive in your hedging.