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Banks have pervasive influence in washington with both political parties. and you juxtaposed this, squjoeo savings and loans where people were tried and actually went to prison and served significant sentences. there's no excuse for it, none. >> what comes out of that hearing is that we will have more problems. and we'll have to -- we'll show more later. but nobody had an answer. she went on and on and on and said, anyone? can anyone tell me anything you've actually done to punish, to hold perhaps one bank up as an example of what not to do, which is what you do in the -- i mean, that's why we...

The most reckless, irresponsible behavior, causing a meltdown not only of the banks but of the entire financial system costing americans billions and billions of dollars in retirement, destroying the lives in one fell swoop on september 15th, 2008. >> and what's changed? >> doing things clearly illegal. nothing's changed in washington. too big to fail has gotten even bigger. and as elizabeth says, too big to fail is too big to try. why hasn't the federal government, ed rendell, tried any of these people? why haven't they arrested them? why haven't they tried them? why haven't they put one pers...

We are progressive in energy policies which are the envy of the nation. but that comes sometimes with offsetting energy, increase in costs. we have to look at that balance sheet. we've got to be aggressive. >> andrea mitchell in washington, jump in. >> thanks. lieu tenant governor, one of the jewels in california's crown was always the university system. and during all of those years of budget deficits, it really got decimated by some accounts, and there was a huge brain drain. are you able to restore that now, or is that still a vulnerability in terms of the technological advantage that you h...