we'll talk abo what it mns in terms o the sector andhe economy th floyd norris of "the new york times" and dens berman of the wall street journal. >> this isa phenomenally good time to be runnin a bank. phenomenally goo competition is down. spreads are up. the ople whoant toorrow don't have much choice but to accept wt you're offering. they've been able toraise their fees on credit cards and other places. the new buness is likely to be exemely profitable. >> it's the rhetorical divide beeen wall street d main street. it's stillaving an effect on washington's need to bng in wall street t solve some of its own problems. hedge funds dot want to g volved, don'tant to touch it. >> charlie: then a look to prident obama's speh substitute naa last night. we talked to the president of e naacp,enjamin jealous. he talked abo pason about the scho system across the countr he talked compassionately out the stice system and healthcare and you have a sense tt mebody whis a former civil rights lawyer, former counity ganizer as president and that's what peoe needed to hear because these are tough times

joinin me is floyd norri of the walltreetimes and nnis berman of the wa street journal. m pleased to have th of them at this table. everybody is tking about this. tell me the gnificance of these two firms. >> this is a phenomelly good me to be running a time, phenomenally good. competition is down. spreads are up. the ople whoant toorrow don't have much choic but to accept what y're offering. they've been able to rai their fees o credit cards. they've raed their fees in lots of aces. so the business they're doing now, the new business is likely to be extreme profitable. now t troub i the old siness. if you wen't stuck with the d business, this would be a wonderful me to be a bank. i wish could become a big bank instantly with , you know, with no hiorical assets. yocan just do so wl right now. >> chaie: so what's that mean >> unfortunatelyplaces like bancf america and citigroup have a l of bad assets both o tm reported profits, thanks to selling asset and doing interesting als that dot have ything to with operations or with continuing things. the numbers they put o were r

we'll talk about what it means in terms of the sector and the economy with floyd norris of "the new york times" and dennis berman of the wall street journal. >> this is a phenomenally good time to be running a bank. phenomenally good. competition is down. spreads are up. the people who want to borrow don't have much choice but to accept what you're offering. they've been able to raise their fees on credit cards and other places. the new business is likely to be extremely profitable. >> it's the rhetorical divide between wall street and main street. it's still having an effect on washington's need to bring in wall street to solve some of its own problems. hedge funds don't want to get involved, don't want to touch it. >> charlie: then a look to president obama's speech substitute naacp last night. we talked to the president of the naacp, benjamin jealous. >> he talked about passion about the school system across the country, he talked compassionately about the justice system and healthcare and you have a sense that somebody who is a former civil rights lawyer, former community organizer a