I say that but again. Re emphasizing that. Just like other central bank's Federal Reserve is. Very committed to price stability -- we will picture of that that happens as well would you have been able would

for answering will be doctor bipolar senator Burr and secretary Marshall. The Wall Street meltdown and now the BP oil spill have been blamed in part on lack of government oversight. Should the government take a more active role or lesser role in regulating large corporations. -- thank you for the question. Well I came out of banking and what anybody in this room be surprised if I told you banking heavily regulated. No I'm sure you wouldn't it. We we already have regulators than any of the regulators are doing their jobs. That it to the problem we saw with with DP. I don't remember the number of violations that happy to continue to operate. Without them looking the other way and back to you secretary marshall's comment we can't have big oil. In bed with big government we also can't have big banks in bed with big government. So -- until we break up the corporate cronyism we're gonna have people. Who regulators. Looking the

risk that people are are being offered. I support a very strong consumer financial protection agency . With appropriate independent powers have always been strong independent voice and I'm gonna stand up. When lassie things that are wrong that -- just wait too complicated for ordinary people understand. It was a huge mistake to repeal the Glass-Steagall act and we need a modern day Glass-Steagall version that sets up. -- walls between the insurance industry the security. Industry and the banking industry. We've got to have resolution authority to wind down those that have become too big to fail. We've got to be able to save those institutions as the community banks are the ones who frequently have lost. Wall Street has created this mess because the regulators were not paying attention. They allow all these new products there's no transparency in any