. >> matt, you quoted the billionaire charlie myunger of berkshire hathaway who said anyone who wantso complain about the wall street bailout should realize they were, quote, absolutely required to save your civilization. what did he mean by that? >> well, again, this group of people believe that all of civilization depends on their health and their well-being, so when they were threatened, in 2008, when they were all about to collapse, it made absolutely sense to them that they should -- that the government should immediately intervene and give them as much money as they needed not only to get back on their feet but to restore their lifestyles, to the level that they had been accustomed to. >> so i'm going to hear step in as a voice in favor of the bailout. i think myunger was right, i do actually -- >> saving civilization? >> i think it was. i think that the bailouts were absolutely essential. i think that had there not been a bailout, which by the way, let's remember, voices on the right as well as the left were objecting to the bailout at the time. i think had there not been a bai

and actually, charlie myunger's great business partner wrrn fft drove amuch harr bargain with goldmanachs than the u.s. treasury did. you know, 2008 is not so long ag and aea the anti-regulation chorus is so strong, you know, i think the eregulation was t done well at all. but the fact that people are already min avy, you know, powerful and proud argument against government regulation, bankers are making this argument. i an how dare they? how dare they have the gall to actually argue that too much regulation of american financial services is what is killing the economy. >> right, right. just to be clear, i actually agree that the bailouts were necessary. what icolely sree with was the way theyere done. they just simply threw a whole bunch of money at this community and didn't have any conditions at all. th dn' see i and an any rules. you know, after the s&l decree sis for instance. there were massive criminal investigations. we put 1,000 peopl in jail. there were no such investigations this time around. so this was just making everybody well again and restoring everybody to the status