there was a better brockman growth standing there told us to do it exploded pretty much in the last couple of years before the collapse and it is almost i think likely sub prime mania in the united states when the banks set this up prime loan market without any regard to people's capacity to be paid and then the icelandic situation they don't quote it's a prime loans this him to quit business gone bad but in the united states many people track the the the banking crisis is that we're back to the deregulation of the banks in the late one nine hundred ninety s. and or that been kind of the pinnacle of them gramley while ian claudie futures modernization act phil graham's two grandchildren and. and then and then in the during the bush administration they did they change the reserve requirements from eleven or twelve to one to thirty to wander you know basically made it and and and so it was banks run a while you know they did they just did anything they wanted and they ended up in trouble is that what happened in iceland was a result of deregulation of the banking says yes yes but about so be

that is a great thing, so let's just go ahead and give congresswoman brockman a great hand of appreciation as she comes up -- congresswoman michele bachmann a great man. [laughter] -- [applause] >> the entire congregation that is here today, this is a data of lord has made. people rejoice. >> amen. january 1, 2012. people are ready and anticipating a fresh new beginning. a new beginning? >> yes. >> i do. i love new beginnings and am grateful for what we have available to us today. and if you do not mind, let's go ahead and about our heads. we are having a technical difficulty. there we are. turning on the power. [laughter] that is what we are going to do this morning. turn on the power. [applause] what you have just seen demonstrated is is not by human might, it is by his mind, and when you plug into the power source, there is no and to how far and wide his word goes. because you cast your bread upon the water, and it does not come back. let's go to the lord. father god almighty, i think you so much for this faithful congregation. i think you for this bid for a man of god who leads this ch