The Hollowing Out of the Banking System

The end is realizing how the world really works, increasingly works. And I think we can see this in our banking system today where we have four big banks in the United States that are legally too big to fail. There's a real problem here and it's a hollowing out of all the banks that aren't one of those too large to fail operations. It was unlike 2008 when the equity was not wiped out on a lot of banking companies that deserve to fail. But it's all the other banks, the community banks, the regional banks. That to me is the big story that we're not wrestling with if it's not a crisis.