customers. all these benefits that come with being an american company, they are getting all of those, but not paying for it. this is different, by the way, from what we heard about ge and apple who might syphon some profits through subsidiary overseas. this is one step further than that. >> what can the government due to stop this free loading, to stop the wave of companies from leaving yet remaining here enough to enjoy the benefits of being an american company? >> well, one thing a lot of people say just reform the tax code. the reason why companies do this it's so much more competitive over there, but then we just encourage a race to the bottom. we can do things to reform it, to make it more competitive. what we also need to do and alan sloan argues in this article is to tighten the loopholes, tighten the regulations. the s&p used to say you cannot list on our exchange if you do this. they loosened their rules