but all of a sudden -- and sandy was a total proponent. >> sandy weill? >> sandy weill. i mean, his whole life was to accumulate money. and he said, "john, we could be so rich." being rich never crossed my mind as an objective value. i almost was embarrassed that somebody would say out loud. it might be happening but you wouldn't want to say it. but you know, the biggest bonus i had ever received when i was at citi was $3 million. the first year i worked with sandy it was 15. i said to the board, "i'm the same guy doing the same job, same company. there are two of us. the company's bigger but there're two of us. what's going on?" "oh, you don't understand." and it was just totally different culture. and see, wall street developed that culture. >> that's what happened, isn't it, in the -- >> yeah, no, and it happened. it happened in wall street and there's a subset of the world, that self-selects, for whom money is an overriding value. and being personally rich somehow is something they aspire to. and you know, it's a minority of the population. bill gates certainly did n

wall street's biggest bankers and brokers including david komansky, chairman of merrill lynch, sandy weill of travelers and sandy warner of jp morgan. one by one the firms each agreed to kick in more than $250 million to bail out long-term capital before its troubles sent shockwaves through the banking system. >> why did the fed step in, organize all the wall street banks, and kind of sponsor this bailout? because all of the wall street banks that enabled long-term capital to grow to this giant size, to have 100 to 1 leverage, by loaning them money. so when the treasury and the fed stepped in and bailed out, effectively, long-term capital and their lenders, their enablers, it was another big sign that the rules of the game had changed and that institutions were becoming too big to fail. fast forward. we go through 1% interest rates at the fed in the early 2000s, we go through the housing bubble and collapse. >> following the 2008 economic meltdown came the mother of all bailouts. >> good morning. secretary paulson, chairman bernanke and chairman cox have briefed leaders on capitol hill on