Regulators tend to be conservative in the sense that am if we say no to something, it's really hard for people to tell what the loss to society is from us saying yes. The dod frank act was a by partisan piece of legislation which covered a number of topics including setting up a crowd funding regime. Andu: Young people would like to make a bet with extra thousand dollars or on the slide with no knowledge of their pent up energy. We need to let them do robin hood, and buy net flicks in yoar twenty years when we really need to haveNet flix in one year through five decades.