altman the wound up going to going to a state school. of the little closer to new york city, getting closer to wall street to some extent where i studied mathematics. my father said that is really the way to get of a decent living and find a job. as it turned out that was true because ultimately that is what was being hired on wall street at the time. so what i've really wanted to do was move to new york, as you do when you graduate college. i wound up getting my first job at chase manhattan bank before it was part of j.p. morgan chase when i graduated. actually before i graduated. >> you were 19? >> yes, i was. i started there during a lot of analysis. computer board and numerical work. >> when others are partying habit. >> i was way too serious. i was the oldest child in the family. that might have had something to do with the. this sense of responsibility and financial independence. i figured i was only going to be there for a year or two. work in musical theater or something else. as it turned out have wound up staying there a very l

altman lead that was what was wt was being hired on a wall street at the time. a lot of math and the engineering and computer science. so what i wanted to do was move to new york. i wound up getting my first job at chase manhattan bank before it was part of j.p. morgan bank. i did a transition. >> nineteen. >> yes, i was. i started there doing a lot of analysis and computer work. >> what was it like? other than the parties. >> i was the oldest child in the family. i think that might have had something to do with it. a sense of responsibility and financial independence. i figured i was only going to be there for a year or two. work in a musical theater. new york instead. as it turned out at a mound of staying there a very long time through a through a number of dt firms. i think it just became easy. with all of the harness that comes as wall street he you did make enough money to pay rent in new york city. nothing like the kinds of films that have been made today. >> let me ask you this. you read the book as being in the belly of the beast. what impact on your vi

so that is what altman the causes ely causes the crisis. you had extra capitol an extra access to consumers. you can turn them into something that ultimately became a crisis. >> host: let me ask you a question. during those years i was a member of the financial service committee. god had walked into the chamber. you cannot believe. greenspan, the philosophy that the best thing that they could possibly do was do away with all government regulation and allow these guys on wall street to do anything they want. somehow they would do all the right things and would create great wealth. some of us did not believe it. unfortunately the majority did. here is what a dank and says a lot about our political system. the president who originally appointed alan greenspan was the first president bush. he was reappointed. he was reappointed, greenspan is an extreme right-wing guy, by a liberal democrat named bill clinton. then you have years later mr. bernanke is appointed by a right-wing republican george w. bush. a liberal democrat wants to appoint him. p