>> smith: i wanted to know how others would react to bogle's claims.p morgan chase offers more than 100 mutual funds that charge anywhere from less than 0.5% to more than 2.5% annually. i want to get your reaction to an example that jack bogle gave us, and that is that if you invest over a 50-year investing lifetime in a mutual fund making 7% a year on average, but you're paying 2% in fee for that, that that 2% will erode something like... two-thirds of your gains. >> so the lower fees relative to any given investment will always result in a higher accumulation. >> smith: but is his example correct? i mean, it's shocking that you would be giving up two-thirds of your... >> so i don't know the math behind the example that you're citing. >> smith: but does it sound correct to you? >> it sounds... it sounds high. >> smith: it had sounded high to me as well. so i took bogle's advice, found a compounding calculator online, and used a simple example in order to isolate the effect of fees. take an account with a $100,000 balance and reduce it by 2% a year. at

. >> and i don't want to say what that number is because it is so mind bogling and because we are looking at those. and that is something that the public has asked for, that we don't have a park scenario, and not that we couldn't and if you consider that the two general obligations bonds and approximately, $35 million, and $33, $34, available for, and it will take more than that. >> and i don't doubt you, i just think. >> i know that. >> and so then that we know and we communicate as we look at the alternatives and the public can see that we agree with that. >> very well said, thank you. >> okay. >> all right, thank you very much. >> item ten, new business? >> commissioners there was a long list of requests related to the water front land use plan and so if it is okay i will not do all of those but i think that we can consider it a good job of getting them down and the new business item that i have is invitation to the water taxi operators to come back post fleet week. and then i think that we will, you know, the item that we just talked about is on the calendar already. >> and then, i am

that bogled my mind. >> it's astonishing. it's an effect of the drug war.inimums have been hard on people across the board, but those kinds of laws have really had an impact and increased female prison population but it's also burglary and a fair amount of violent crime as well. it's had a huge impact. >> there's also a whole section on love. everything you need to know about sex and love. a few things stood out the me. how women are most attracted to ten days worth of stubble. >> i find that interesting. >> it's a little different on television. it didn't translate the same. >> jay carney handled it well. >> crush on jay carney. >> here's the other one. the average number of times married couples had sex each year. this is from 1988 to 20006. anyone want to guess? 66. interesting. here's one i love. 1947, that was the first year a couple was first shown on tv in bed together. it was a show called "mary kay and johnny." ironically those are my parents names. >> that's right. one of the aggravate things about data being available is you can mix and match pie