how was it possible that citigroup, cindy -- citigroup sandy weill started with commercial credit. that was a subprime lender that is what their heritage was. how did that happen? added:toulouse $70 billion becoming a ward of the state at 34% when the roots were in the subprime? chuck prince was general counsel of commercial credit he knew something about subprime but the reason i mention it is because this city there was not a ability to communicate across boundaries or understand we have these other guys who buy this stuff and we keep packaging these up but we keep the others and nobody was there to say stop. a long winded answer which i have not even answered about goldman. they're very powerful, talented and it's interesting with goldman there's a lot of criticism they made a lot of money and will pay out a lot of money, they always have come back to business, a lot of that is proprietary trading not necessarily creating and dave value but themselves to not even raise capital which is what investment banks use to do. they traded for commodities. we will see what happens maybe i

part of the urging of sand sandy weill so he could get his deal done and combined with travelers.we will see whether the obama administration gets it right here in terms of the regulatory reforms they are trying to institute. i don't know the answer, it will be interesting to see what happens, what is allowed to happen and whether or not it works. but the sec really was very shoddy. other questions? >> this lady in the front has another. let's take that gentleman there, and then after him she will be the last question. >> there is intense dispute between republicans and democrats within the democts, but blue dog democrats including the economic consequences of the health reform legislation. apart from human aspects of that reform, how do you come down on the economic consequences of what's happening currently? >> you know, a lot of questions about the. this is one of those questions i can give you a great antidote i spena lot of time on phone talking to hedge fund managers who are trying to understand the investment implications of this. or any other number of investment professio