Jeb Hensarling: “The president's answer? Let's raise taxes on job creators. Mr. President, the American people don't want that.”

As we saw in the last crisis, it is the average hardworking Americans that will suffer the consequences if Washington deregulates Wall Street mega banks again.

How are we that much better off? And if we could put up a slide, you are asking community banks to make a forecast.

So if that is permitted right now then I am going to raise my hand at the board meeting when the senior vice president for credit administration comes in with this big gobbledygook proposal and says, 'Hey, I like it. That is fascinating…

The last piece of that puzzle was the Texas Stock Exchange.