would be peter or is that he left office of management budget to work as a vice chairman for citigroup robert rubin former treasury secretary joined citi group he was chairman of the executive committee as the group's board of course before he was treasury secretary he was a top trader and in fact i called him and sachs so before you say you don't really disagree with this is this ok well i mean it depends what they do if they're coming out in there with their expertise by the way is phil gramm i think does he was going to come to professor maybe ruben as well because they have expertise in financial markets and they're working in areas that are related to their influence where they're not going to be spending time using their past connections or trying to help shape the strategies of government affairs for these companies i don't have a problem with it but loosely doesn't happen i think most of them are very involved in the government affairs strategies because they know it better than anybody in the government affairs because they know well that's why they're desirable to a firm like they have so

also robert rubin who was in the clinton administration as the treasury secretary who campaigned to have it overturned and then went immediately to where did he go after that then they went to citigroup of course that he cashed in for hundreds of billions of dollars by using an insider washington connections he's one of these he's one of the biggest of the original revolving darr door goldman sachs private sector back to the government back to the private sector making a huge paycheck on each transaction and then walking away from the scene saying oh and work as a university professor or president university like larry summers like oh we're going to teach the next generation of crooks in this country and in a follow up interview regarding this richard parsons is asked about these too big to fail banks that have emerged because of the repeal of glass steagall of course and here's where it gets. to the market fundamentalism the markets as gods he said people have a sort of notion that well we can decide that's too big to manage but it got that way because there was a market need and institutions find and follow the needs of the marketplace so what we have to do is we have to learn how

has a big wine resort up in napa who did citigroup and got the deregulation, and that's where they did all the subprime, so they're off to the races. robert rubinereas he now? -- where is he now? all the money, the 15 million he made, he changed the laws legal in too big to fail. and what we have now is we don't even -- it makes me hunger, hunger for nelson rockefeller. i never thought i would say this, okay? [laughter] it even makes me hunger not just for dwight eisenhower, but for richard nixon, you know? [laughter] i wrote about richard nixon, i interviewed him. nixon, like ronald reagan, they were people who thought you've got to leave something. it's not just, doesn't happen just three months from now, and you sell your stocks, and you're gone. they really worried about how they would look 30 years from now, and how would it effect at least their families 30, 40, 50 years up the road. we are now run by people who just care about getting in, getting theirs and getting out. so to bring you back to the port huron statement, the demand for participatory democracy, and can i'm sorry if i use this word naive, but the fact is it did fail in the h