tam and mr. wongill sung with what had happened, but even he didn't do that. >> but you also had to not let go of the fact that he didn't get this way overnight. he had years of this type of behavior that was just overlooked on numerous occasions. >> what role did the bank's management play in what had happened-- how much they actually were not aware of what was happening-- versus turning a blind eye because things were going well and the results were good. >> ken yu was clearly a bad egg. by using ken yu, which is the worst of the worst, the d.a.'s office is saying, "this is the face of the institution." because if the bank was in such cahoots with this person, then why would we fire him? we would want to save him. >> what the d.a. accused abacus bank of was ridiculous, and really nothing considering what the big banks were doing. all the too-big-to-fail banks-- morgan stanley, goldman sachs, jp morgan chase, and citicorp-- have admitted to massive crimes, and they've been accused of even worse. >> v

mrs. wong, the i saw you was before the full committee, and we talked a little bit about what was going on in kansas. and so this seems to me like we're seeing the same movie over again. and we know how it's going to end up. and i'm interested in knowing what this is going to mean for working people, the middle class people. republican members were on television today and they were talking -- one of them said, i can't -- i can't identify a single person who isn't hurt from this tax cut proposal that the president has rolled out. but i suspect what happens is it -- before too long, we're going to see this debt balloon, and mr. hanlin talked about that a little bit. but this debt is going to grow, and then what we're going to hear is, well, we can't live with this debt so we're going to have to cut education, health care, transportation, housing, everything else. can you help us understand exactly how this kansas experiment worked out for middle class folks? >> right. so we've seen this movie bef