equation and guarantee them cheap giveaways to the constituents, which alloos the politicians to keep eijoduct to the american population and allows the financial institutions to socialize all of the losses3 and privatize all the profits. >> smith: right. >> ratigan: and so there's a shift in the intent of the eastern financing model that has failed. it's like a failed experiment. it started in '99 and ended in 2008. a culture of experimentation should be encouraged. >> smith: it ended with the lehman brothers collapse? is that.? >> rigan: llitnded when we hhd to go to the government for $30 trillion dollars in synthetic money ú&de up at the federal reserve to cover the thing up. >> smith: right. >> ratigan: that was prety much thend of the >> smith: so you, you don't think -- i mean, in that case you don't think that the government's decision that this has become very. >> ratigan: sure. >> smith: .controversial, even clint eastwood is now in the middle of this conversation. government decision in view of what happened. >> ratigan: yeah. >> smith: .to bail out the -uto industry was the cor