they now have this lovely turn, it's called i.b. g.. it stands for by the time the deal closes, i'll be gone. don't we need to restructure pay so that its based on long term performance and not on short term? >> to get to the root of the problem and what past administrations have not done, the root of the problem lies at the board of directors. we've taken capitalism possibly to the obscene. we're paying these executives in the form of stock options and we're asking them to take risks to pay themselves. that is how we got here in the first place. the whole concept of the board of directors to protect us is ludicrous. >> gregg: if we don't correct the systemic problems which were easily identifiable when the markets collapsed, doesn't that mean that the same conditions and the same conduct is going to trigger yet another financial collapse in the future -- this time it may ruin the creditworthiness of the united states government? >> it could and i guarantee you if you let wall street regulate themselves, at some point you're going to ha