c.e.o. of eagle bank. all right now switching gears a little bit but staying to kind of the local community level we know state and local governments in the u.s. are a reported three trillion dollars in debt their government so stockton the great example today it's on track to be the nation's largest city to seek bankruptcy protection under the u.s. bankruptcy code they're set to do that now add this to the list a growing list thirteen cities counties and other government entities filed for bankruptcy last year this is the highest annual level in nearly two decades now the story of these different governments varies but similar threads seem to go through all of them too much debt and overspending during the boom too much debt to be repaid after the downturn soaring pension costs now opted to be the nation's largest city to see federal bankruptcy protection stockton took a rare financial step of last resort after struggling with the all of these factors that we're talking about soaring pension costs for empl

c.e.o. of eagle bank. also still ahead in the midst of the local debt crises affecting cities and states across the country a suburb in georgia has adopted a different model of government no long term debt no pension obligations either well look at the privatization of their city hall but first your closing market numbers. well. it's technology innovation all the latest developments around russia we've got the future covered. thank you. all right welcome back so we're talking about small banks community banks what the advantages are putting your money in them but how they're being so hurt by regulations that the too big to fail banks can handle but then they get to go speculate and do all the bad stuff we want to avoid so regulations we know they always come at a cost but what cost will this graph shows the increased spending on technology alone to keep up with regulations and you don't have to be einstein to know that because community banks are smaller that cost is going to take a proportionally bigger cu

c.e.o. of eagle bank. also still ahead in the midst of the local debt crises affecting cities and states across the country a suburb in georgia has adopted a different model of government no long term debt no pension obligations either will look at the privatization of their city hall the first or closing market numbers. what drives the world the fear mongering used by politicians who makes decisions to break through that sort of have been made who can you trust no one who is you who view with a global mission a region where we had a state controlled capitalism is called sessions when nobody dares to ask we do our tea question more. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else and you sure see some other part of it and realized everything you thought you knew you don't know i'm sorry was a big picture. of me or what i was going. to look and they alone i felt you know get the real headlines with none of them or see the problem with the mai