mr. ferguson's film that portrays the regulatory relationship. can we get a look? >> these guys know they were doing something dangerous? >> i think they did. >> there's nothing we can trust. >> you can't be serious. if you would have looked, you would have found things. >> if you would have looked, you would have found things. what is your insight, mr. ferguson, as to why they were not looking and still refuse to look. >> good question. i don't totally understand. part of it is that many economics professors have ties to the financial system. particularly the investment banks. >> they make a lot of money. they get checks to go on vacation and buy houses and boats. they're employed by these people. you don't want to bite the hand that feeds you. >> many were in government during this period. many still are. >> do you think, professor black, that the president of the united states is aware of this crime and ignoring it? >> no, i don't think he knows. he has summers and geithner who tell him the opposite, that fraud is a distraction and we need to get on with the wor