i am here to talk about glass- stiegel. i think that this board is capable and should put together a resolution immediately to endorse the house resolution 1489. we have had a number of the members of the congress passed -- sign on to this bill but we have not had nancy pelosi or techie spears sign on. this is something that needs to be done, san francisco is a globally important city. if you consider the fact that every state and city will see further and further cuts and if ben bernanke has his way, hyperinflation. if you would have anything more you would like to talk to me about, i'm willing to meet with any of you. >> i am with the political action committee. i wanted to comment on this dominique strauss-kahn thing. this is proof that the imf does exist to screw people from the third world. the only solution that is viable is the policy of glass- stiegel, and and national policy of glass stickle. glass-stiegel needs to be put on the table now. i think that this board of supervisors should have a responsibility and that

in the late 1990's as some of the instability was in place, we eliminated the glass stiegel act which separated out the high risk activities from those activities that had been protected by the safety net and created the incentives for ever increasing risk that we saw with those failures in that period, starting with continental, we confirmed to the world that some institutions were too big to fail and they were not subject to the same capitalistic standards that everyone else was. in that instance, the ciffie was born. it is no wonder we have this great recession. it is no wonder that lending practices became weaker and we began to trade very significant amounts at the desk and that we increased leverage by almost twice what it was before we had the elimination of glass- steagal. the candling was there and the housing market struck the match and had this great financial crisis. the belt out the best crisis has cost the american taxpayer billions of dollars and that is just the down payment. the 10% unemployment certainly was contributed to by this financial instability and their acti