Hi Peter,

Thanks for the comment. Asking for the financial system to self-regulate at this moment in its history seems a little odd given recent events starting at Bear Stearns' collapse and moving forward to this moment. Can you argue compellingly that there has been an evolution in the quality of self-regulation and globally? Such evidence would make for an interesting read.

Thanks, and with my usual smiles!

Jason A. Voss, CFA