money, secure advertise it, sell it out under aaa and then bet it would decline in a credit default swap arrangement that gets paid off by the government? first of all, the broad outlines of our financial system i think are one of our great asset he is. the ability to have capital markets where you can function, raise capital where the markets are efficient are great. obviously it got completely out of control. nobody is going to disagree with that but the new accords just agreed to for bank reserves i think will curve a lot of the abuses. i think the administration sees this clearly not just for larry summers or president obama, you have congress you have to deal with which is intensely parochial and would block real reform. a lot of the basic reforms like merging the s.e.c. and cftc, congress would not allow and you have the international community. this is a global market and we cannot act unilaterally anymore. barry, do you agree with that? in part. i wish steve wasn t the ca