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Can you clarify this for me? this settlement doesn't actually touch the washington mutual stuff? >> i don't know all the details, but i do think it's important to realize that this is probably not different in kind than a lot of the activity that we have seen in courts a and in settlements today. this is probably different in degree. but let's take a step back. during the crisis, you had some 20% or 30% of housing value in the country decline. which meant that $5 trillion $6 trillion disappears. the rating agent -- everyone has been suing everyone else for five years. and when you have between...

Capital joining me now from baltimore with the answers to all of your questions. thanks for being with us todd. >> thanks for having me. >> okay. so i'll ask you that question. is my home worth more than it was last year? >> well it shoul be carol. case schiller index. everybody wants to focus on this. the housing data recently has been okayed. it hasn't been great but it hasn't been poor. case schiller is going to look at 0 major metropolitan cities. it is going to give you somewhat of a housing value on residential real condo sales or new construction but right now wall street is expecting a...

Time and we don't know what the ruling will be. is he going to say that the federal bankruptcy law controls, not so good for the unions or california law controls, which is better for the unions. if he finds against the union, because the city owes apparently 900 million to pay for the public union retirement. 900 million bucks. if he finds against the union and says, you know what, the city can file for bankruptcy protection and you're going to have to be treated like a regular creditor. what does it mean that the public employees will not get pensions or protected at all in retirement? >> in...

Industrialized country in the world because the banks are stable. that's a good thing. we should not move away from that. >> can we just go on this issue of success for a second and the president's rhetoric. if you listened to the republicans last week there was a lot of argument that somehow the president is attacking success. and i think what's really happened here is if you look at what happened in 2008 in wall street and housing and a whole variety of areas, you know, there was a crisis and people lost a lot of their welt. 30% of the wealth of the country. >> $8 trillion. >> $8 trillion. a...

People and nursing home patients and children with autism. am i wrong in that interpretation? >> no. not if you look at the ryan budget plans to do. and romney certainly endorse the budget. what the president is trying to do in his speech is make a great argument for the role of government in creating jobs and public sector clearly creates private sector. >> sean: how come we have a million fewer jobs than when he took office? >> here's the tough problem for barack obama. he can't run on the record. before, it was the mystery of barack obama and kind of the way he was, you know, he was allurin...