joining us now is dave nelson. i crawled out of bed and only to be greeted by a big headline in today's "new york times" above the fold, pretty large print, a year after a cataclysm and little change on wall street. then i have to read further. let's quote it. we'll put it up on the screen. biggest banks have restructured only around the edges and they still trade in unregulated derivatives only a handful of the hedge funds and pay is returning to the pre-crash levels. gee, dave, we've learned nothing in the last year? >> actually, your comments are pretty correct. over the last year, not a lot has changed. the type of risk is with us. high coming pen saying packages are still here. wall street keeps pumping out potentially very dangerous derivative products. like you said, administration is whispering in one ear for the banks to reduce risk. as long as excessive risk taking creates profits they are letting it go by. >> gregg: i don't know if you heard bill rice being interviewed by molly henneberg. his point we sh