The Global Financial Crisis and the Opportunity for the Largest Banks to Get Competitive Ground

The unintended consequences of everything that's taken place since the global financial crisis is it's increased the moats around the largest banks. We think the deposits are quite sticky at the largest banks and they have all sorts of ways to fund themselves so you know the issues out there that you see it in the stock price declines for the largest banks are way overdone. Jeff Rosenberg always thank you he is with BlackRock. Tom Mayo senior equity analyst at Wells Fargo iconic on the street back to days long ago with Credit Suisse. The opportunity for the major banks to get competitive ground to the major banks benefit by all this turmoil because financial America will find comfort with big banks.