i don't feel bad for jack burkman buying in las vegas. he did it to himself. i don't feel bad for a lot of the people in foreclosure. >> well, jack burk may be a special case. a lot these folks tend to think the economy simply works in a trickle down basis. until people at the bottom, until main street is feeling good, we're not going to see true long-term gains. i think these housing number are great. do you think they're impacted by the fact you're seeing a moratorium on foreclosures. i don't think the economy is helped by tossing a bunch of could that assumers who got us in trouble. >> right now, guys, we'll be bringing you back. all of you back in a few minutes. bear with me. two of america's most beautiful cities have been two of america's most hardest hit cities when it come to housing. we'll take you to both to show you now how they're faring. and in one case, investor have some rather unique ideas. that's just ahead. if the three most important thing in real estate are location, location, location, don't worry. we've got you covered. as we check in with

joining me now, our julie radinski, leslie marshall, host of her own radio show, the daper jack burkman in a fantastic shirt and tie combination, and republican strategist, and ben furguson, and a pretty good shirt/tie combination of his own. julie, let's start with you. aren't you happy for them? aren't you happy to see the economy get better and those banks come out of trouble and earn a lot of profit for tharlds? >> i'm happy for my friends that work at goldman sachs. they're going home with a lot of money that's backed by the american taxpayer. these are commercial banks that are taking the same kind of risks they were taking before and their risk taking is backed by american taxpayer? >> what's your evidence they're taking the same risk? their risk is half of what it was -- >> if you look at jpmorgan, their derivatives business has jumped tremendously. they're making the money the old-fashioned way. the same way they made it a year or two years ago? >> what's the problem with that if they control risk well? >> do they control risk well? we had to bail them out the last time they di