senator whose ignorance with respect to basic economic principles is so sublime that the name senator dubin should never be uttered in polite company. [laughter] that's what you talk about with centralized planning. this is a complete interest group deal, there's absolutely nothing structural about the industry. in fact, it's one of the great success stories in america is the rise of the debit card, and that's the self-inflicted wound which i hope george agrees, but i don't know if you know much about debit cards, george, but if you do, i want your thoughts on the subject. >> in the corner. >> the federal reserve inclusively has powers. it has division of preserving the financial system from collapse, and when the system is endangered, it has to put preservation of the system first, and up fortunately exactly because it is impossible to plan per felgtly, that's bound to be an unforeseen situation that the fed has to deal with. now, in this case, it has used its arbitrary power in an extremely ineffective way where secretary of treasury paulson declared that on friday that there is no beer a