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Congressman, where do we have to go to end up in a conversation with the committee for economic development and other major ngos to have a real, serious conversation among serious men and women about a third marshall plan? >> well, dylan, i've got to tell you. my stninstinct is, we are far beyond the capacity of any ngo out there. what europe is basically trying to avoid is a cascade effect. but think of this. by june, what is it, european banks are going to have to be holding 9% tier one capital. that's a lot of money. they're going to find somewhere to actually carry on their books. so i'm e...

Person with all the leverage in europe right now is the greek prime minister, who is being told what to do by angela merkel, when the fact of the matter is greece has the leverage in this, as does italy and portugal, because they're the ones that can say, we won't give you any money, and that will force a total banking collapse, and it's obvious that papandreou was able to get 50% off with that kind of a threat. >> they had a $3300 billion eur debt and knocked off a billion of it. that's a remarkly good return on the money. >> that's the thing, as long as you have a financial system that is de...