i was encouraged to hear bob glauber talk about a few of the things he likeded in the bill namely tougher derivatives regulation which is good. i think the too big to fail provisions are actually better than what bob has talked about. i'm sympathetic with alan's view on this. bob talks sympathetically about the fact that the bill will regulate a large non-bank institutions more effectively so i think there are a lot of things to like about it in this bill. there's nothing that's going to be perfect. we're not going to be ale to end all bailouts. we're not going to be able to end all crises but i think this bill will make both bailouts and crises less likely. >> ifill: yves smith, pull out your yardstick and tell me where you think this bill lies in terms of get to go the essential problems that need to fixed. >> i give it a 3 or 4. one of the reasons that the discussion has turned out to be partisan is the fact that people are disagreeing on facts. there is not sufficient understanding of exactly why this crisis came about. there's not been enough forensic work. in fact, i would... i beli