we bring in mark calabria director of regulation studies at cato institute. i know john will disagree, but that's fair. that's why we want him. the banks made some mistake, i grant you that some of these robe owe letters and so forth, but i don't see why that's against the law. i don't see why they should tack a $25 billion hit except to redistribute money from banks to mortgage holders who screwed up. that's my take, is there a war going on here? >> i think there's absolutely a rhetorical political war. this is geared to november more than anything else to the extent that people committed crimes, they should be proven in court. the basis of our justice system is you did something wrong, you're innocent until proven guilty. that plan lacks all of that and what bothers me even more is that most of the damage will be paid for by investors rather than banks. banks will pay part of this and pension funds and retirement funds will take a hit on this and they're not at the table for negotiations. it's not simply a war on banks and a war on savers and that will slow