stagnate then guess larry joyal suggested that we that one way to end too big to fail i suppose and thomas pelleas financialization worries would be to bring in more serious regulatory reform and weaken the power of the bank overlords take a look. on the surface the problems in argentina and turkey they don't seem to be related but people are calling the volatility in these markets and emerging markets crisis is it an emerging markets crisis. well i think it is ok because i think that every crisis needs bill has a lightning rod that basically acts as a kind of a conduit. for generic problems throughout the emerging or developing country universe so if you remember you know back in ninety ninety four we had to kill a crisis that at the time everybody thought was only about mexico in ninety ninety seven a there was an asian crisis that in its early stages everybody thought it was only about thailand in two thousand and seven we had a kind of great financial crisis beginning and everybody said it was only about subprime so this crisis is only about argentina or it's only about turkey but i think this