bill, it s a good step forward. it took two years to get it out but over the weekend we had initiatives in bastille, switzerland which were progressive as well but the legislation doesn t come into effect in 2013, 14, 15. the real enforcement is down the road so we are exposed for at least the next couple of years. jenna: a money question, because we see head face necessary this market, the stock market has done well in the last two or three weeks or so but it hasn t recovered really since lehman brothers collapsed. is the worst behind us? i ve been on a global lecture tour and the keynote speaking, and the question is what have we learned, why isn t the economy recovering, and the reason is the economy still has visual damage from the failure, that slowly but surely we ll overcome. jenna: how long? over the next 6-9 months at least. jenna: that s when the residue will eek out of the system. well, the banks have to start lending again. after lehman brothers, they