disclosure and transparency around state financial issues and two, creating a mechanism to deal with states that doesn't include a bailout that forces them to make tough decisions. >> speaking of the tough decisions, don't look to congress for help because eric can'tor yesterday had a statement about state bailouts and we can put it up on the screen. i'm going to tell you essentially what it says is no bailout from the feds. >> right, i think that's a great message to send. people need to understand that so they start forcing the decision at the state level without looking for money from washington. >> what should washington do? nothing or let them worry about it at the state level? >> i think it's two important things. one is they force disclosure. a lot of things are hidden by government counting standards that people aren't aware of. if the federal government forced greater disclosure and transparency, the markets will become aware and they'll become self-correcting. you can create the beginnings of a resolution authority that would basically weigh in on states that come in. not provide capital but force the positions. >> so now, you're saying, no bailout for states. however, with the car companies, they got a bailout and you were