>> right. it was democrats who developed this current system. it was democrats, larry summers, bob rubin, they had a hand in setting this up. >> it was interesting because former president bill clinton was interviewed on abc, and he said, look, we made a mistake. we should have regulated derivatives. and he wasn't quite clear about who gave him the advice not to regulate derivatives. his memory was kind of fuzzy. bob rubin says and wrote in his book that he's always been concerned about the systemic risk of derivative, but for legal reasons, they didn't do it. there probably wasn't the political will to do it at the time. maybe it didn't seem as large an issue. and as we know, congress and the white house are crisis activated institutions. so we've had a crisis. >> and david, you worked in the clinton white house, you worked in a number of white houses. gloria points out that former president clinton is defending his record now. is he on a legacy cleanup campaign right now?