let's bring in frank keating.governor of oklahoma and now the american banking association ceo and president. wonderful to have you, governor. can we still blame the extreme weather for these weaker numbers? >> this is a pretty grim quarter. i serve on title insurance company board and when i first saw them i was really stunned. i think weather has a big role to play here. remember those of us who bought cases in my cases, my case, many houses it took more than a couple months to figure out, is this house that really want. so i think that now that the spring appears to be here, it's a good time to see if you will not see more activity. 4,000 pages ever qualified mortgage rules under dodd-frank. that has a chilling effect. as a matter of fact we have did a poll at american bankers association, showing 80% of our members think this will have chilling effect on our credit. i think student loan debt $6 trillion student loan debt will have a drag. i'm hoping that spring will see some sprouts in the housing finance and

for more insight i am joined by our senior finance writer and from washington, d.c., freight -- frank keatingexplain this idea of capital and what do you have to do? >> capital now is the biggest thing that we have been talking about when it comes to being. it is the debt. when the losses kept piling up there were too many banks that were not solvent and we had a big crisis. this was worldwide. not just to us. -- regulars have been trending up with more roles and one of this is a simpler version of capital we have had all along and those rules are looking at risk weights and riskiness of the assets. >> some -- all assets are not created equal. so come in on this topic. all assets not created equal or all banks not created equal. the is a regulation system -- one of you can keep your reaction to today's new release. >> i would rather talk about bob saget. >> go ahead. >> i would agree. this is a big deal. these are tough and significant. these additions, the five percent -- 5% and 6%, this will make the american banking system the safest in the world. it makes them the most capitalized, the be