[applause] the new yorkan at ideas festival to discuss the financial industry. >> we have 16 minutes and 37 seconds, which is a version of speed dating. we will do our best to try to do about five years of financial history in this time. everybody knows who james is. we have known each other a long time. let me find in and go back and we will do this quickly. looking back at history, a lot of chatter about what could've been done differently. i am going back to the 1990's to the time of glass-steagall being repealed, to the time when a decision was made not to regulate over-the-counter derivatives, decisions not to impose tougher capital requirements on investment banks. if you take that time, the 10 years or so, what should we have done differently? >> great to be with you again. we have known each other a long time. for those of you who stayed for the banking portion, we appreciate that. i thought they were getting prizes outside as everybody got up to leave. i will try to address this in 45 seconds. the country went through a period of tremendous prosperity. there is a rate wealth

see how new yorkan helyour business grow, at startup.ny.gov neil: democrats are spending a lot of moneyo make their case. maybe because michael grimm is upset. if the embattled congressman is such a lost cause, why our national democrats, national democrats dumping nearly $1 million in negative ads to try to figure him up? in october, and overall campaign for a reelection, even the speaker of the house has ignored. his opponent is outspending him 10 to one and michael grimm doesn't even have enough dough for himself. who's who says that he's dead man walking? not micha grimm. congressman, thank you for joining us. >> it is good to be here. neil: how are you holding up? >> i'm doing well. what you do don't see out there is how much support we have. staten island has rallied around me and they come up to me, they say hang in there, we are with you 100%. so the numbers are looking a lot better and there is no question that we are leaving. that is why the democrats are spending so much now. it's two things. number one they want to try to get in the race and number two they are trying to dis