Mr. John Moran:

You can keep raising capital ratios as much as you want but we need to remember that that raises the cost of borrowing, right. The more capital you have to put across a loan, the more expensive the loan is, and that's actually some of the ... the debate in the Basel III rules. It may make the banks more safe, it may make them much more like utilities: the shareholders get less return but ultimately, for them to make money, they need to be able to pay back ... have a return on the capital.