i attend the bicker shir halfway meetings, warren buster is one of my heroes.d a story if you would have invested when columbus came to the new world, if you could have bought treasury bills and reinvested those at the yields they are now, your dollar would have grown to $1.71 in 520 years. and all of our jaws dropped. i got my calculator and verified that number. warren was right. the short answer is we have to take risk. the grand jury report talks about lower risk. treasury bills is the lowest risk you can get. we have to take prudent risk and i would echo the comments of our executive director. we have a long-term horizon. and we must take prudent risk. the earlier in terms of the stock market you asked 2008, i believe the stocks were down 38%. our fund was less because we were diversified. we had other asset classes in addition to common stocks. private equity has been one of the investments of the fund in the middle 80's. you asked about the funding. it was much less funded in the early 80's and still we took a much riskier approach. and the returns have

buster proof but good, strong position in the u.s. senate. >> one quick thing to point out we all know elizabeth warren, debby stab know, but chris murphywing review of where he stood on the issues. he is a real progressive candidate. he's going to be a very progressive senator. >> bill: it's a great moment, a big victory for president obama a big question about where the republican party goes from here. whether they're going raise that they have moved so far to the right that they've left average americans behind in their dust and their message is just not resonating with middle class americans anymore that's why they're losing, losing, losing, they're going to recognize that and maybe come back toward the center and be really ready to cooperate with president obama in his next four years. doesn't look good, because john boehner started last night even before president obama had been declared the victor, john boehner declared whatever happened, they were not going to change their tune, they were still going to oppose any tax increase whatsoever, which means they're not going to be able to rescue us from the fiscal cliff which means no