all right we are back with reggie middleton entrepreneurial investor and independent analyst to talk about bank of america we got into it a little bit before the break we talked about the credit default swaps their exposure to the eurozone debt crisis and of course their acquisition of countrywide which saddled him with all of these foreclosed homes bad mortgages and litigation as well so i want to bring you back into the conversation because you were mentioning before the insolvency of bank of america and this is something you've been warning about since two thousand and eight so my question is why do you think that now is the time that this is going to reach a tipping point out if that's the case and this is what you're saying. because it's just a question from the size of bank of america before the break we discussed the courtyard acquisition making a purchase in my opinion were they paid less than zero for countrywide basically they had to pay to buy. the whole country likely to make it a felony acquisition also purchased merrill lynch which is one of the biggest c.d.s. writers o