high interest rates but i am for rebalancing over time so you do reward thrift. i think it s extremely important we do that. in terms of what you said, the one strong criticism that you made is the conditions that allowed all this to happen. the low interest rate conditions that happened in 2003, 2004 that allowed a lot of this to happen. sit fair to say history will look on alan greenspan very differently and more critically given the effect, the consequences of his decision, particularly after the bursting of the tech bubble to keep interest rates very low. i think that i was on the open market, so that s something we all have to thing our way through. the real history on that will be years in the judgment, if you will, in terms of all the
but first up the chances of peace in the middle east after the latest round of speeches by prime minister netanyahu and president obama. i ll be joined by tom friedman of the new york times who is just back from the middle east. now, here s my take for this week. we ve just gone through an arcane debate about whether barack obama said anything new when he called for an israeli/palestinian settlement based on 1967 borders with mutually agreed upon land swaps. in fact, that has been the working assumption of all negotiating parties, america, israel and the palestinian authority, for over 20 years. it is what the camp david talks of 2000 were based on. it s what elmerit s talks were based on. the real shift in u.s. policy was president obama publicly condemning the palestinian strategy to seek recognition as a state from the u.n. general assembly in september. instead of thanking obama for this, prime minister netanyahu chose to stage, in the words of the former israeli di