first up, kevin villani. a of university financial associates. he was vice chairman of imperial credit commercial corporation and served at freddie mac and chief financial office and deppsy assistant secretary at the department of housing and urban development. second we'll have mark calabria. prior to joining cato in 2009 he spent six years a it the senate banking committee as senior professional staff. so with that, i'll turn it over to kevin. >> thanks. >> the short form of my resume is i could never hold a job long. i'm going to go quick. i'm stunned by the irony of a free market think tank serving a free lunch but it is real. i'm going to go through the slides fast. anyone wants them, feel free to e-mail me. i might skip some or you can buy my book limited edition on amazon for 99 cents. i think. i left washington 30 years ago. it's always good to be back. this is a very magical city, magical in the sense it's disneyland east. it's a fantasy land where myths are born and they grow. one of the things that happened when i left 30 years ago was