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They do improve efficiency. theres also the argument the private equity guys will tell you they revolutionized management across the land because mitt romney came in and taught people about how to look at a cost curve and project cash flow and do all sorts of analysis that had been cordoned away in the ivy league -- this is a huge knowledge transfer into the boardrooms of america. if that was the case, why -- why dont these deals work out? incentives misaligned? intentions of people running the ...

Hand out fraudulent or bogus or liar loans. the really ironic thing, of course, is if banks were only too happy to be lending to the kind of people that could be deceived by predatory lending practices. finally, that law is still on the books where are we in another housing bubble here? ive always been amused. >> i think also in terms of what exactly the practices were that were going on during the bubble. you hear these things. here is one example, something called yield spread premium, wonky b...

The ones that dont make headlines, especially those, will constrain what they can do. last week, we had cory robin on our show, whose new book makes a provocative argument that the core of conservatism emancipates the lower orders. at one point, he gave this as an example. >> the national labor relations board recently issued a ruling saying that all ployeemployers to post a notice informing employees of their basic union rights, just information. the employer lobbies have lobbied ferociously ...

>> absolutely. >> but republicans are better at pretending. >> i have the funniest -- yes, please. >> but they have this reverence for experts and expertise that, a, i think sells really poorly in peoria. b, walks right into the conservative credit teak of liberal elite. theyre forever talking about people like you and me as the liberal elite. what do they mean by that? its all -- >> you read books. >> and, hell, i write books. >> you write them, thats worse. >> you are part of the liberal elite...

Headlines, especially those, will constrain what they can do. last week, we had cory robin on our show, whose new book makes a provocative argument that the core of conservatism emancipates the lower orders. at one point, he gave this as an example. >> the national labor relations board recently issued a ruling saying that all ployeemployers to post a notice informing employees of their basic union rights, just information. the employer lobbies have lobbied ferociously and had tremendous suppo...

Liar loans. the really ironic thing, of course, is if banks were only too happy to be lending to the kind of people that could be deceived by predatory lending practices. finally, that law is still on the books where are we in another housing bubble here? ive always been amused. >> i think also in terms of what exactly the practices were that were going on during the bubble. you hear these things. here is one example, something called yield spread premium, wonky but important. krista comes in an...

>> absolutely. >> but republicans are better at pretending. >> i have the funniest -- yes, please. >> but they have this reverence for experts and expertise that, a, i think sells really poorly in peoria. b, walks right into the conservative credit teak of liberal elite. theyre forever talking about people like you and me as the liberal elite. what do they mean by that? its all -- >> you read books. >> and, hell, i write books. >> you write them, thats worse. >> you are part of the liberal elite...

It absolutely can be. where there are unions, they are. >> the point is autoworkers were once janitors, especially, home care aids in terms of what their wages were, social status, the amount pow arer they had -- >> but the period in which he had got paid more was a very different period from the one were living in now. and right now those jobs, i would pause it to us all, without having a solution, are exposed to much fiercer competitive pressures than they were in this golden period when those...

They do improve efficiency. theres also the argument the private equity guys will tell you they revolutionized management across the land because mitt romney came in and taught people about how to look at a cost curve and project cash flow and do all sorts of analysis that had been cordoned away in the ivy league -- this is a huge knowledge transfer into the boardrooms of america. if that was the case, why -- why dont these deals work out? incentives misaligned? intentions of people running the ...