. >> rose: mr. meyer? >> yes. but up to the day that i went to his funeral i never said anything other than mr. meyer. >> rose: has the values of that time changed? >> yes, i think so. i think the values changed because the property changed. i mean the money that was changing hands was so large and so different that it was a whole set of different rules. and we lived by this. we had very stringent rules with respect to insider trading, to providing clients with the best possible deal that you could provide for them. and at the same time run a business that was profitable and that was respected. and that wasn't... it doesn't mean that the firm or we never made any mistakes because obviously that's... that was 30 years in this, 40 years. >> rose: greed is what you have said got out of hand? >> yes. yes. well the numbers, you know, got so crazy that if you looked at... i remember looking at the tables of compensation for... not even for just top executives but just in general... >> rose: traders. >> it was... >> rose

mr. phillips indicated, there are safe ways to do this. but i saw two different trains of thought emerging during the arguments. justices like justice soet meyer, justice ginsburg and even justice kennedy to a certain extent expressed a certain amount of impatience. it's been 20 years in the once case justice ginsberg said. there were 70 court orders in the one case, the number of which had been violated. she said how long must the court wait for the state to move forward, another 20 years. >> ifill: where was justice alito in all that. >> he represented the other side. he pressed the inmates' lawyer mr. specter about the number that the court had ordered here in terms of the number of inmates to be released. he said if i were a citizen of california, i would be concerned. and he said that based on experience in philadelphia and the briefs that had been filed about by 19 other states he believed that there would be an increase in crime. he told this lawyer, experts can argue whatever they want. he said, i think that there's going to be an increase in crime if this goes through. mr. specter though said statistics in expert testimony show that h