economist george celledin from university of georgia studied this.hey saved us, i'm told. >> they didn't save us. first of all, we've add recession, and a really bad one. now it is now over five years since the crash. >> it would have been worse if they didn't bailout all these banks and present all this money. >> as a matter of fact, it would have been a lot better. especially if they didn't bailout bear stearns. that got the ball rolling where other firms started taking bigger risks, the big ones with be thinking they would be bailed out too. >> and too big to bail. they even borrow money for cheaply because people assume they are too big to fail. >> there is no end to the process unless people cut the powers to the federal reserve. >> would you abolish the feds? some people say that. >> i would abolish the kind of institution it is today. we have paper dollars. that can be done by a computer regulating supply of the acco according to a sim rule. >> like bit coins. >> yes. maybe a better rule than the bit coin rule. but the point is, now we have a