you want to make it seem like there's only-- >> and charlie gasperino's point, the main reason, the amazingmeet them. >> and those obligation keep the taxes high. >> stockton, they're laying off policemen, there's a spike in crime, and if there's a main-- i need to find out which adam lashinsky rolls out here. one with the heart that cares about every cause or the financial genius, the one that understands that the math doesn't add up. >> there's nothing inaccurate what you're saying and i'm not saying this isn't a problem, i just repeat. five municipalities out of 50,000 is not -- it is not the worst crisis. >> you're right. i mean, we're talking about a minuscule amount of municipal bonds and the taxpayers get screwed a lot of ways because most hold those bonds and-- >> and you and i agree, by the way, charlie, is that a bankruptcy is not good for anybody, and point out-- >> adam, the reason why that those, those municipalities have fiscal problems, the ones that do, take out the outliar, the guy that -- the one that screwed up on the deal. the reason why, taxes are high. businesses are f

charlie gasperino?> this speaks to a thing going on in tech investing, i think small investors should worry about. i was always very critical of a facebook ipo for a lot of reasons. neil: by the way, to your credit. >> i did not think it showed enough revenue growth, i did not like the way they hyped it. neil: you distinguished between them and google and promising one. >> first of all google is a growing company, and i did not like the way they sold it they hired this brunswick group, a pr -lobbies firm he was a pr for the white house, i thought it was too over hyped and all of the sort of reason, the financials, the other thing, if you look at early tech names, googles, that sold in 2006 i believe. excuse me 2004, the ipo. the investors those who put money in they left a lot more room for the small investors to make money. they didn't sort of -- >> did any of them leave any money in the company? >> you continue looks like that -- yeah. i think -- >> 5 shares. >> right, a few bucks, but if you look at