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Problem. they owe so much of our debt they can't see us go under. they would be ruined if they did something percept -- >> sean: good point. we the power. >> secondly, we should remind ourselves we are the most powerful nation on earth. our gdp is three times china. if you count their people in poverty our gdp, 10 times china. our military dwarfs their military. some being so frightened, timid. i think it is part of something you talk about a lot. it is an of the president to understand american exception alism. we are an exceptional country. we are by far the leading country in the world. we ...

Problem. they owe so much of our debt they can't see us go under. they would be ruined if they did something percept -- >> sean: good point. we the power. >> secondly, we should remind ourselves we are the most powerful nation on earth. our gdp is three times china. if you count their people in poverty our gdp, 10 times china. our military dwarfs their military. some being so frightened, timid. i think it is part of something you talk about a lot. it is an of the president to understand american exception alism. we are an exceptional country. we are by far the leading country in the world. we ...

We are missing the role of credit ratings, maybe we'll see some reduction in the amount of debt banks can take on. basically what we've had is a codification of the 28 bailouts of wall street. now firms are officially, systemically important and implicit, too big to fail label. >> but wait, now, there has been more capital standards have been raised. banks have to keep more capital, which is a buffer between them and trouble. i think that's an improvement, isn't it? >> well, we'll see. that's not entirely clear how that finishes up. but i think that assumes that regulators know the right amoun...

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