and peter wallison, senior fellow for financial policy at the american enterprise institute. he served in the treasury department in the reagan administrati and as geral counsel at the treasury department and as a member of the financial crisis inquiry commission. lynn stout, i'll start with you. so whe when you look at the prae of financial institutions, do you see good or bad from a few years somethat that. >> oh, we only wish we saw big changes it has... there have certainly been some changes, but the really fundamental problems have not been grappled with. there there seems to be a denial on the part of the industry that there was eer anything wrong in the first ace. sohat we're seeing is marginal tweaks, a a little retrenchment. but the structural problems that drove us into the 2008 crisis are still there. brown pwoup we'll come back to some specifics but first, peter wallison, a denial? what do you see? >> i don't see denial. i think the industry is disspirited, maybe demoralized, they've been blamed for the financial crisis. i'm not one who believes they that they cau