and as he said to me, that is bought diamond, and i said it the ceo of barclays' capital? and he said, yes. how things have changed. things have changed in the sense that you have lessons learned hopefully, you now have the ceo of barclays' capital right there on the trading floor with the best and brightest paying close attention to what is going on. not in the 31st floor completely away from the battlefield. >> unit, and at the beginning that this was the end of capitalism in america but had you mean that? >> not the end of a capitalism has been changed forever because first and foremost you have the fed window, the federal government has now been assisting banks have to the primary credit facility. in other words, you have investment banks that are having access and getting help from the government, that started with essentially bear stearns and then you have all these turpin and it talf and all these things pass in september, the initiatives to help securitization in lending startup again and because you see all these programs and so much of this help and then talf in

that barclays was actually approached in april by the u.s. government behind the back of dick fould to take over the company. you find out later that bank of america didn't show up for the first time in september but actually had a secret meeting where kenneth lewis and dick fould met with each other at the new york fed in july. you find out that t.a.r.p. plan that we think or thought was written in september asking for $700 billion was very nearly written in a memo april 15th and presented to ben bernanke. it was called break the glass, as an break the glass in case of an emergency. and so, as i started peeling the story back it became clear to me that the story actually wasn't about six days any more, it was about much more, and was a much longer period, and that's when the book for those of you that haven't had a chance to read it, starts the day after bear stearns is sold for $2 a share to jpmorgan. and i use that moment as a sort of an inflection point both on wall street and washington in that it was clearly a major and important policy