states over the last decade has witnessed a classic confrontation between the forces of on to pinero platt capitalism and those of established institutions crammie expertise and political standing. one side subsists, unforced profits of enterprise. the other on rant and toll and privileges at the treasury, the federal reserve command the white house. >> and that is exactly what we have had. you know, when lewis wrote that book the big short he was writing about all the gaggle of hedge funds that bet against the big banks who are all supporting these sub prime mortgage concoctions and confections and scams. and it was all the most prestigious forces in both the u.s. and the world economy that backed the blind side, as i call it, the people who were investing in these crazy concoctions, mortgage securities in which the value was totally unknown by the people who were investing in it. and the people who were shorting these with these hedge funds and venture funds and private equity funds. all these are entrepreneurs who are not seeking special government favors. the big banks, goldman of the