joining us to help interpret that is john shaw.f you have to pick below points to consider on how to grade the administration on its bank policies, would you say? guest: it is too soon to tell with the agenda for the financial-services industry, whether it is working. they inherited a very complex and chaotic situation. you start out by saying it is too soon to tell. broadly it will be measured by the degree of stability that enters the financial system and to which banks can lend to consumers. this whole notion we hear about systemic risk, but institutions became so in snared and complex, that brought the whole system into jeopardy. the long term will be the sense in which banks lend, to which consumers and businesses can borrow at a reasonable rate, the degree of stability in the system. host: with the money that has been given back -- is that a pure way to sense if there is stability arriving in the market? guest: it is an indication. i was at a hearing yesterday with tim geithner who took the repayment as a positive sign. he wa

host: our guest is with market news international ,john shaw has joined us to give us insights and answer your questions. florida, scott on our independent line. caller: good morning to you both. the big picture seems the reason why we needed this tarp which, yes, republicans and democrats -- whoever would have been president would have had to do something. president bush wanted to past tarp and nancy pelosi said nick, thanks, we will take your time and do right. meanwhile lots of companies lost businesses. lost olots of companies lost jobs. taking their time seems to be the problem. but there did need to be the tarp, no matter whether with republicans or democrats holding the reins. however, these toxic assets were given -- started in the clinton administration. were it managed by the house and senate, both of them seem to be -- seemed to be democrats at the time. even though bush was president he did not seem to know what was going on. some of these democrats were making money in the house by lobbying. a synopsis of the holding -- it was needed, but it seems much too late and may have d