and secondliedly, they have fdic isn't really insurance. it doesn't really rate the banks. in other words the more risky banks don't pay a higher premium. they pay the same rate. it's a another form of moral hazard. those are concerned with it and doing the best for their stockholders and the investors are making less money and the reckless money are making reasoningless loans and making more money. the conservative banks are reckless too. and that is a short pen way of explaining what happened to the banking industry in the last, well, next year the federal reserve will be 100 years old. it has been going on for 100 years. >> mr. griffin what should be done in your view? >> there's only one thing with the fed. they are a cartel. they are the monopoly. it needs to be abolished. you cannot take the power to create money out of nothing and give it men and expect the power not to corrupt the men. i don't care if it's bankers or pollations. you give it to anybody and enevently that will be corrupted. it is a cartel and i think america needs to abolish it before it abolishes ame