wanted to stand up for doc frank taaffe frank is dead and gone at this point you know the for the demick. it was it seems like just a giant defeat they don't want to think about for the republicans they figure they really did the work on this two years ago why are we back here again so in many ways you know the whole issue of reconsidering this is a nuisance because people have to campaign right and speaking of campaigning these guys in the senate banking committee a lot of them have to thank j.p. morgan as their number one and number two contributors when you look at the chairman and the ranking member so obvious conflict of interest there but i do want to ask if you had to compare this to what this hearing should have been given the historical context should this have been to court hearings which which led of course to class people should this be because a nose for hearings of the one nine hundred sixty s. where we got real insight into how the mafia works or should this be two thousand and nine give the bankers a little spanking and like have them be on their way and give political th

and i think one of the problems is that what you see breakdown in institutions that start to have demick corruption like wall street during the crisis is that cheating big begins to become the norm it's winked at it's apologized for it becomes an inside joke and then protected when it comes to the courts and when it comes to exactly what is this department it's been projected in terms of the accountability of the scene or the lack of accountability for people that. and so what ends up happening is you yes it is it is individual choices that are immoral or amoral right and those deserve sanction but the question is in what environment are people imbedded such that they're behaving immoral or are a morally and one of the things i sort of disagree with you in certain senses actually we'd love to get moralistic about individual failings right i mean bernie made off everyone loved it in the wake of the bubble you know there were a million stories about how he was a terrible person how he was evil how he was a cheat right sure they are really true right the question is what are the conditions