is this a massive victory for theington in just saying to entire industry, listen to us carefully, we want competition? think it probably is, particularly in the backdrop of comcast-time warner cable, and att-directv. both of those deals are likely to be passed. at least washington can look and say, this one did not go through. they can say, we are not just patsies for total industry overhaul. >> thank you so much. >> our guest host for the hour he served as a member of the ipo task force that provided a report to treasury in 2011. as we take stock of the deals that have fallen apart over the last day, fox for time warner, sprint and t-mobile, does the unraveling of these deals in this very hot sector, media, telecoms affect the market? >> i do believe so. i think we are starting to see momentum in the m&a market. both of these deals were not high likelihood to happen. i don't believe there any signal to a trend. >> is it something with the players involved are going to come back when things quiet down a little bit? >> i don't think so. on the 21st century fox-time warner deal, the ma