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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...

It is bizarre. john: but that is government. not only this not work, but he discovered there are security holes. >> i alerted the press to that very early on. not least of which is that they did not bother -- and it is not just interplanting. it is central management that makes things work. you can plan all you want, but there's no one managing and coordinating it won't work. john: why is this a hackers would dream? what is it but the person in danger? no matter spinning at a couple hundred million for the software. every conceivable name that people might tiepin.