Many of these banks do, certainly Jpmorgan does. you had a really outstanding person in ina in that job but somehow a mistake was made. these things happen and it is too bad but I don't know any other way to explain that other than that." On whether banks should change the way they compensate and promote risk managers: "I'm sure Jamie Dimon still does it the same way we did it when I was there. The credit risk people are considered right at the top of the management chain and the value chain in the company.