graham: my name is wendy graham. i'm a professor and director of the water institute at university of florida. a very interesting place, hydrologically. there's a lot of freshwater and a lot of people and a lot of land-use changes going on. well, the largest user of water in this region of florida is agriculture. and, in fact, in florida, in general, the largest user of freshwater is agriculture. but public water supply is a close second, and, in the not too distant future, i'm sure will catch up and overtake agriculture as the major user. i grew up in the bahamas. we lived on a little island, and we had our well here, and then we had our septic tank here. and that proximity i always found kind of fascinating. and i'd spent most of my time out of doors. there weren't a lot of indoor distractions -- very few movie theaters, no shopping malls. so we spent our fridays and saturdays on sailboats in the ocean. and then we'd get home to shower, and the water would be off 'cause we only had water from 6:00 a.m. to 2:00 in t

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suggested to just let's blow up graham leach bliley let's you know undo the damage that was done in ninety nine in two thousand by phil gramm on behalf of his wife wendy who was on the enron board of directors you know is this was really ken lay's call to blow up graham to blow up his glass steagall and just go back to what worked for for fifty years in the united states we didn't have any bank corrections. look as you said of the simplest to you know because actually when you do regulation people forget it but we're doing with people and getting behavior. so you know the way i look at it is the world's a very complex place but our brain is really only about three pounds and so you need to come up with the right tools for that you know i mean if you go back to the two crises let's stick with the dotcom bust of two thousand and two thousand and seven two thousand and eight your big difference that was simple in two thousand was an equity bubble that burst and you know guess what it made for great stories you have some wonderful anecdotes it was painful for people who have equity accounts but it wasn't actually something that pressure at any level to de