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Forces or russian aligned separatists groups across the border, i mean, is that the way the u.s. is thinking about this? that this has russian fingerprints on it, even if it wasn't under putin's command directly. >> absolutely. there are several steps. we were briefed last night. only last night. it seems like a long time ago. by treasury state department and white house officials on the next steps they could take on those sanctions. how they had sanctioned the russian banks and energy companies for access to u.s. capital markets 90 days out for medium and long-term investments but they could ...

Russian banks and energy companies for access to u.s. capital markets 90 days out for medium and long-term investments but they could do it immediately. they could shut access to u.s. capital markets and that has an effect because most trade is done in dollar denominations. so there is an impact. now, it is true that these are not the broad sectoral sanctions we've all been talking about. they're trying to, they said, not have too much of a spillover effect on american commerce and also on european allied commerce. the europeans had very weak sanctions last night and again today before this tr...

Andrea, the president saying they're going to be freezing the assets of some big russian companies dealing with defense and energy. how big of news is this? >> well, this is a big step up. what they're doing is making it impossible for the biggest banks and energy companies to get access to u.s. capital, to long-term investments beyond 90 days. that is a big step. these investments count. they can turn to europe, but anybody involved with u.s. banking will also be shut out from them, so u.s. capitol markets pretty much dominate the world. that said, the europeans, we do not think are following...

Vu? >> there's a broader question here and a deeper question here, which has to do with america's role in the world. vietnam went badly. in the view of most people, iraq, even though it appeared to be concluded successfully, came to be viewed in the aftermath not least because the president kept acting as if it were as a failure. so then you have the series of eruptions in different places around the world and in particular in the middle east and decisions are made not to send american forces, not good get too deeply involved and once that decision is made, of course, you have a coverage decis...

Having to do with america's role in the world. we have had the interventions and some have gone badly including vietnam. in the view of most, iraq, although it appears to have been concluded we successfully by the time president bush last office, can be viewed in the after mat not least because the president acted as it were, as a failure. not worth a candle. then you have the series of erruptions in different places around world and particularly in the middle east and decisions are made not to send american forces, not to get too deeply involved and once that decision is made, of course, have...