I Think the Regulators Should Have Plugged the Hole on the Available for Sale Securities

Danny Cevallos: The math was pretty simple on Silicon Valley they had been a cragney of wrong 12 to 13 billion dollars in equity capital and effectively an 18 to 20 billion dollar loss on their portfolio. He says the regulators kind of didn't need to put it in in in capital ratios but as we said like guys like us look at footnote six or footnote seven wherever it's sitting and we see the unrealized mark. "I don't think they really got at their eyes and covered the tea you know got at the eyes and crossed the teas," he adds.