[laughter] because jaime is there he shouldn't be there. and so he leaves. the term sheet interestingly not enough, the 85 billion in the way it was structured was not written by the government actually. it was written by jpmorgan and the goldman sachs at some level while the less. when they were coming to terms of the day before about how to create a consortium that put together these terms and literally the government the next morning when it became clear that that deal was not going to happen took the term sheet and appropriated for itself. i wouldn't tell you there's a problem with that except for the fact that clearly goldman sachs and jpmorgan were tried to take money off the deal. in the government probably shouldn't have, maybe they should have been. by the way of the time if this was going to be the deal of market, if this would have been a free market version we should be following the same thing, the taxpayers should get the same deal that jpmorgan and goldman sachs would have wanted and arguably the deal they would have wanted was also going to p

a revolving four-door between the new york fed and leaders from wall street for example, right now jaime dimas has a senior position and runs a large bank, jpmorgan chase and succeeded sandy weill. there is a constant revolving door procure president of the new york fed, you have perhaps a closer relationship to wall street and perhaps the chairmen of the fed even ben bernanke. >> host: let me mention something. last year, i had ben bernanke coming before the budget committee. this was during the whole bail-out process. as you know, what the very least over $2 trillion with the zero interest loans to financial institutions. you put the americans money at risk can you tell them? who got the money? he said i am not going to tell you. $2 trillion? by the time the day was over reintroduced legislation to make them. but talk a little about that. how can ahead of the fed say with a straight face i was not tell the american people where $2 trillion of their money at risk has gone? >> guest: i know. it was astonishing. i think at the same moment he said it would be counterproductive. are remembe

and the journal kind of sat on the table behind me, jaime and was so much potential it was vibrant and growing. was his object of both art and mystery. it seemed like a time machine. it was fashioned with an eye for antiquity but it was brimming with the future of literature. and yes, a time machine seems totally appropriate because it's no accident that dave eggers will share the surprise with legendary rivals barney ross, editors had no lack of courage, with the tireless romanticism. dave, you've launched the next samuel beckett and allen ginsberg on the world and he did it at a time when publishing so strapped to a support, by creating books a tremendous beauty that would not have been otherwise fathomless sleek new books. he fostered a golden age of literarily publishing of the good old days, last times that i thought i'd missed out on. luckily for us, you did it right here in the present. the initial correspondent soliciting work for a new quarterly that might be called mcsweeney's arrived like some aero, shot back for words like some new age. i think it was the third or fourth tr

is the amount of time that they spend in jaime a deterrent? does that have an impact on the recidivism rate? this group will report back to me i hope in the next couple months and it's on that basis we'll be formulating policy and working with the committee with, i hope, some interesting and innovative ideas. >> and in doing that, mighty suggest an increase in drug rehabilitation within prison? because there are people in prison who are -- a lot of people in prison who have addiction problems who should be in prison but are going to get out. and it would be nice if, while they were in there, they got treatment. i just want to mention one thing on health care fraud, which is i would like to see those people go to prison. i know i may be contradicting myself by saying we have too many people in prison. it seems like health care fraud folks might belong there more than people who are simply addicted to drugs. if i could quickly just touch on trafficking in women, it's just a subject i just want to touch on. i'm running out of time. but traffickin