I Don't Think We'll Have a Housing Boom Next Time

The capital ratios for large banks are being established at somewhat higher levels than smaller banks and that obviously affects return on equity. I considered the banking system in the United States to be stronger than certainly any time in the last 25 yearsCapital is dramatically higher. A lot of the very significant part of the loans that were troublesome are gone. The loans have been put on in the last four or five years or far better. We will have bubbles in capitalism. Everyone goes to excess and it's because of the humans that operate and we will have that again but usually you don't get it the same way as you got it before.