a troubled asset purchase program. all of this goes back to many, many banks. now it's especially in europe, but two, three years ago, it was in the u.s., borrowed too much, lent too much, had too much leverage, too little capital, and the causes of that problem essentially are still in place. we added some additional regulations, but we didn't undo the things that led to the collapse. >> which is no capital requirements, basically capitalism in the banking system without capital. so you can do whatever -- it's a gambling parlor? >> well, you know, we used to have on the investment bank side, we had something called the net capitalization rule in place, since 1975, that limited it to 12 to 1 on the traditional depository banks. there's been a series of decreases in the amount of capital required. this has been a long, slow grind
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