has done. >> spot on. >> and the fed is the one that -- it oh my goodness, richard and i agree. i'll have to -- ali. >> the fact -- i'm having a hot flash that the green light is going on here. it's not pleasant. the real heinous nature was the sheer number of institutions that shoveled so much garbage the fed's way so frequently. and the fed had to eat it all because of the rules of the various procedures that were put in place. fair to mention though, all the loans were paid back from the bank. this was short-term lending. >> and collateralized too. >> collateralized sometimes with stuff that necessarily you wouldn't want to have to rely on in the final analysis. it was all paid back, paid back with interest. the central back is the lender of last resort. it played its traditional role. if if you're going to have globalized market, you can't say that only certain people can get the benefit. >> thank you so much you, richard quest and christine romans.