no, the postal service did not worth ofund 75 years benefits and benefits for a born postal workers. accountability act did -- to pre-fund its current employees, future retirement benefits. the same way it pre-funds pensions. it was a good concept because this aimed to protect postal workers to make sure they get their full benefits and make sure the taxpayers did not have to bat -- bail out the postal service. the execution was terrible. that is on congress. it wrote a very aggressive prepayment schedule. service couldl not make you to paying into the health benefits fund for about three years the postal service just defaulted. they have not put a nickel and since then. host: a question from windmills. why did the postal service need to be -- when it is mandated in the constitution? guest: it is not mandated in the constitution. the only thing in the constitution is that congress is given the power -- the power to create post roads and post offices. it does not say we have to have a postal service. if you go back to the days of ben franklin you might be intrigued to find out that a

focus ofunder a strong trying to grow their business, which is the consumer lending platform but they also want to be more things to more of their customers and that will take capital to support. vonnie: goldman has been deploying more capital to build up the ficc operations. can they continue to grow? gerard: it is going to come down to the market conditions. goldman on their call earlier was pointing out that more of their clients were engaged in trading because of the increased volatility. if we could see the volatility that we saw in the first quarter transcend throughout the year, you're going to see strong results from goldman and all the capital market players as their customers are more engaged in trading. vonnie: citigroup and bank of america posted surprise declines in income trading -- fixed income trading. goldman sachs reporting the largest jump amongst its peers. what it is -- what is it doing right? is theypart of it grossly underperformed last year. you might recall last year was a tough year for many of the players in ficc trading. goldman had the weakest numbers of t

you think that those cases support the bigger's right to not serve the couple on basis of religious ofunds to >> there are a lot similarities here he is arguing that being forced to custom design something that he is creating that goes against his religious beliefs is something that the first amendment prohibits. you talked earlier about it is not his message, it is the couple's message. i think of the couple's message too, but there is also something significant about the act of creation. i think it would be significant if we forced someone who believes in black lives matter to have to create a confederate flag. that very act of creating something that goes against our believes i think is something that should be protected for for jack partere, of what he has objected to is the act of being forced to create something that contradicts what he religiously believes in. the way that the supreme court has protected a free exercise rights is that they have said if the government is willing to provide protection to people for secular reasons, they are willing to protect the game makers in the st

in light of this, they could moving out of are likely to do make this more on these ofunds and the numberis a financial boon and there were a number of unofficial steps and it is the most likely option. we are still waiting to see the thisls on that and threatens $100 billion and they have made it clear that they will fight until the end. , in terms of the risk around the chinese economy and what your views are. when did you get concerned about consumer debt levels. curves seen continuing on the property sector and, at becomeint do you concerned about the household that in china. >> the household debt has increased sharply. concerned about the property market and these been very well financed and there is another issue of consumer credit for car purchases and other goods with regulation really starting to it is the curbs on household consumer credit and a this down and this could cool down consumer lending and have a more meaningful impact on economic growth over the next six months or so, as the government tightens the regulations. >> stay with us and we'll talk more about growth. with m