applies a market definition that basically considers us monopolist. so again, if we are looking to ways to maybe have consortiums or joint ventures, et cetera and be able to have them approved through the department of justice, there are very small steps which involves looking slightly differing. and we think realistically at the market, that could help us again a long the way so that there wouldn't be a need for a handout from the government. >> icehouse is making a note when you are talking about the postal rate. and i want to return to you and ask, what kinds of policies, policy changes and policy adoptions are you thinking that the ftc might be considering? >> well, it's not necessarily what the commission will end up considering, but we did have actually the chairman of the postal rate commission, and speak at our workshop in march. and unfortunately, the postal rate commission and the postal service, as you may have noticed, is not doing well financially. so they are really that enthused about any ideas that would include lowering rates for anyb

they were reaching back of course to the populist movement, to the anti-monopolist them. the new nationalists refer to themselves as neo- hamiltonian's. they were careful about the neo. new freedom progress is referred to themselves as neo- jeffersonians. they asked particularly wilson during the campaign, what would jefferson do were he here today? the answer was always the same, destroy the process of monopoly and unleashed the entrepreneurial talents of his, as wilson put it, men who were on the make. we don't have to help the men who have made it. we have to help the men who are on the make. a sign of the democratic progressive anti-statism, they are jeffersonianism is the democratic platform calls for the establishment of a one term limit for the president. this was a commitment that wilson would abandon almost the minute he is elected president. in the final analysis then, the progressive party platform disguise fundamental disagreements among leading progressive reformers over the critical issue of the role of the national state, the role of national administrative

allowed special privileges if they hold securities that are rated aaa and the rating comes from a monopolistic the credit rating agency. if you think about it for a second, look at the big investment banks such as bear stearns, lehman, goldman sachs, morgan stanley, and merrill lynch. when they bought securities in the mortgage market, they did not rely on the ratings. they used their own judgments, their own internal things. and look at what happened -- some of them failed and some are still alive. that would have happened if it had not been rating agencies and you have to rely on your own analysis -- some of the banks would have said, wait a minute, this is too risky and we would not buy it. host: ok, charles, let me move on and get some other voices. democrats line. pat from pittsburgh, pennsylvania. caller: i think they should go to jail for what they did. i think they should be punished severely. they knew what they were doing. i love warren buffett but if berkshire -- i just read berkshire hathaway had to put away $8 billion in a safe place so this would stop, so we don't have to bail th

treated like the dominant voice and the doj applies the market definition that basically considers us monopolists. again if we are looking to ways to maybe have consortiums or joint ventures etc. and be able to have them approved through the department of justice, there are very small steps which involve looking slightly differently and we think more realistically at the market that could help us again along the way so there wouldn't be a need for a handout from the government. >> i saw susan making a note when you are talking about the postal rates and i wanted to return to you and ask what kinds of policies, policy changes and policy adoptions are you thinking that the ftc might be considering? >> well, it is not necessarily what the commission will end up considering that we did have actually the chairman of the postal rate commission, and speak at our workshop in march and unfortunately the postal rate commission and the postal service says you may have noticed, is not doing well financially so they are really not that enthused about any ideas that would include lowering rates for anybody act