Jack Reed actually said...

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?

I think it also is a strong case, in my view, for a very clear but very strong Volcker Rule.

I think this is a very important hearing because the issues that have been raised go right to the capability of large, complex international...

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...