now the government tells them under dodd-frank, you do we what we say, we'll have an orderly liq liidoing, code word for bailout. >> republicans and conservatives and libertarians, less government, less rulation, then government collapsed, and dodd-frank corrects them. >> wait, it was lack of regulation that caused credit bubble. >> the lack of regulation that caused the collapse. >> how. >> how? >> yeah, it was a bubble. >> no one was mining the store. you hadanks doing whatever they wanted to. they could do all these things there was no defining line. >> moral hazard was that cause of this, of that government came in there said, we will ensure all these bad mortgages under fannie and freddie. so 1 you tel -- once you tell someone go ahead make a bad loan. now with da dodd-frank alarge bailout. >> where would we be now had they not saved banks. bankss >> we would be better off. >> we would be better off? >> how. >> market discipline, no privileges, no bailouts, if you lose money, you lose your open money. >> the united states is the economic system of the world, it the banks collapsed. >