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Biosystem. >> i would say we are not that bad i would have to argue and here's why. we are coming out of the a horrible economic down turn . that is part of the reason we are seeing more spend social issues are concerned. and compared to other development. it is entitlement spending. it shows that medicare for example will double over the next 25 years. if that happens it will be entitlement nation. >> which direction are we going, are we emac? >> yes, twen of them were in europe. >> what is going on. yes, i agree with vicki. we are an entitlement nation. we are in a bit of the a

Of us that makes us want to be property owners, right. we are moving away from the notion. that is a negative driver of the latest down turn. my sister bought an investment property. it was forced off. and and that is owners that are now renters. that is a healthy sign in the market. it is a good thing. there is a caveat morgan that you have to be careful. you have to be careful. >> lots of pros and cons . also have to realize with property investment, you are looking at best returns in the

Like lori said. i think we have a problem coming forward because of so many foreclosures and inventory. what wayne is saying is correct. pockets of the country are doing fantastic . middle state and sand state . looks like they are suffering dramatically. part of the country is doing well. and on average. it looks like we are getting out of a economic down turn. it is another leg not necessarily down but treading water for the next couple of years. >> gloria, here is the banks. >> are the banks going to be willing to play? >> i think they will have to. there is a lot of bad mortgage debt on th...

On actions prior to the bailout which set the template for the bailout and i believe you have to have a principled approach to letting capitalism work or not and the idea of bailing out wall street and bailing out even though they're important institutions, there would be an opportunity for us to recover. i don't think there is any question there would have been a bigger down turn, but we'd be on a steeper upturn instead of floundering around. >> no more too big to fail? >> no. look, we memorialized it and what do we have? bigger banks with bigger shares which leads to future bailout and also ...

You're judging the bailout based on actions prior to the bailout which set the template for the bailout and i believe you have to have a principled approach to letting capitalism work or not and the idea of bailing out wall street and bailing out even though they're important institutions, there would be an opportunity for us to recover. i don't think there is any question there would have been a bigger down turn, but we'd be on a steeper upturn instead of floundering around. >> no more too big to fail? >> no. look, we memorialized it and what do we have? bigger banks with bigger shares which ...