now, everybody knows what happened between t.a.r.p. 1 and t.a.r.p. 2 and the minski moment, eventually passed, thankfully, and the system was saved. answer banks are now back to where they were before the crisis. in terms of looking at the recovery and assessing whether the recovery is durable. clearly the role of the housing market is critical and the degree to which it has delevered. was it a mistake in 2008-2009, not to have a t.a.r.p. equivalent, some kind of really mattive bazooka for main street? the kind of bazooka there for wall street, for the u.s. housing market? i don't want to sort of formatively go, one two, three. please, just sort of pitch in, whoever wants to pitch in first. was it a mistake not to have a big policy to address the housing market in '08 and '09? >> yes. >> we've been edging towards it for three years now, and unfortunately, facts get created that can't be reversed, once you start to go into foreclosure. once you lose your home. once the mortgage defaults. yes. huge mistake, and we're taying f paying for it. >> a liquidity trap, zero interest rate because