once again of having to bail them out. michael, inmy view, what we need to do as a country is have our financial institutions not engage in gambling, which jp morgan chase did. they lost money because they were gambling. they made a bad bet. we don't need our large financial institutions betting. we need them investing in the economy and creating jobs. >> you and jesse jackson have been on the forefront of asking for the glass act. tell us how that could help in a situation like this when these derivatives have been known about. tell us about glass stegall and why it was important. >> it was inacted in the 1930s. it said when the federal government is going to provide insurance, fdic insurance to banks, you cannot have investing banks are merging with insurance