I do think that is a valid point, that we sometimes look at the arbitrage in terms of banks that have actually switched charters.
I think it is one of the great benefits here in the United States, one of the great forces for good and innovation.
We heard that before, and it was not like the U.K. was spared.
If you choose to do a whole series of what would be viewed by someone as a risky product line, there would be additional...
Which would be a difficult assessment to make at a State level.
I think you teed up a very good point that--you know, and I come as a nonbiased party to this optional Federal charter o...
I apologize, Mr. Chairman, for going on so long.
But somebody still has to define whether you are a riskier firm by your product line.
The big question we have, we have no resolution authority for the whole nonbank half of the financial world that in many...
Buyer beware.
we need to have some mechanism in a sense of a prefunding of resolution so that we do not end up as taxpayers being caug...