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>> the too big to fail, unfortunately it's a complicated economic model which says that some companies, and i agree with you, not necessarily the ones you are discussing my be such a devastating fallout if you prosecute them. that got mischaracterized, too big to jail. the reality. >> steve: why is it mischaracterized as too big to jail? nobody has been jail. >> what happened really, on your point about the elite connections, i don't disagree. prosecutors very often are very jealous. the matter spinning out of the enron case was a huge bargain blow to the u.s. department of justice. author ind...

>> the too big to fail, unfortunately it's a complicated economic model which says that some companies, and i agree with you, not necessarily the ones you are discussing my be such a devastating fallout if you prosecute them. that got mischaracterized, too big to jail. the reality. >> steve: why is it mischaracterized as too big to jail? nobody has been jail. >> what happened really, on your point about the elite connections, i don't disagree. prosecutors very often are very jealous. the matter spinning out of the enron case was a huge bargain blow to the u.s. department of justice. author ind...

>> the too big to fail, unfortunately it's a complicated economic model which says that some companies, and i agree with you, not necessarily the ones you are discussing my be such a devastating fallout if you prosecute them. that got mischaracterized, too big to jail. the reality. >> steve: why is it mischaracterized as too big to jail? nobody has been jail. >> what happened really, on your point about the elite connections, i don't disagree. prosecutors very often are very jealous. the matter spinning out of the enron case was a huge bargain blow to the u.s. department of justice. author ind...