we thank secretary wolen. and we have arthur levitt, a senior advise tear the carlyle group, a man who has worn many hats in financial markets and in government. we thank you all for being here and i appreciate you all taking part in this conversation. congressman garrett, i thought i would begin with you. i'm going to take you back to 2008, the financial crisis kicking in and the period after that. you voted against the tarp legislation, later opposed the stimulus, you opposed the dodd frank legislation. how would the world look today if those things had not happened if your way prevailed? >> couldn't be much worse. i guess after all of those situations went through. i guess the term that barney frank always used at the time when we were saying why don't we do this, after the fact, he said well, those are all counterfactuals and you can never go back to anticipate what would have occurred. but certainly with regard to two or three of those points you raise, the stimulus, had we not misspent over $800 billion,

we have the deputy of the treasury of the united states and we thank secretary wolen for being here and we have arthur levitt, former chairman of the securities and exchange commission, senior adviser to the carlisle group, a man who has worn many hats in the financial markets and government as well. i thank you for being here and congressman garrett, i thought i would begin with you. i'm going to take you back to 2008, the financial crisis picking in and the period after that. you opposed the stimulus, you opposed the frank dodd legislation. how would the world look today if your way had prevailed? >> couldn't be much worse i guess than after all those situations went through. i guess the term that barney frank always used at the time when we were saying why don't we do this, why don't we do this after the fact, he'd say those are all counterfactuals and you can never go back to anticipate would actually would have occurred but with regard to two, three of those points you raised, with regard to the stimulus, had we had not misspent over $700, $800 billion, we would not be looking at t