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The end of 2008, 2009, we were all jumping up and down screaming that the banks were too big to fail? they were too big to fail? >> right. >> and now the banks are even bigger. >> yeah. >> in any of these four or five banks failed tomorrow, we would be bailing them out again. >> i'd like to think not. dodd-frank did give regulators a lot more tools than we had. it can be put into a resolution process that allows them to be funded to stay operational. >> but the banks are bigger. >> but shareholders and creditors take the losses. they are bigger, there's no doubt about it. it's not so much size...

Club of, you know, the sports teams. and like karen said, it's absolutely unacceptable. and you have to call it what it is. >> and it's important for the victims to see, if you come forward, there's consequences. you will be believed, you'll be treated with respect. >> that's a great point. >> what's interesting about that is, in the path towards resolution, which is really what we're beginning to talk about, the way you treat the victims in that process determines or is very influential as to whether the resolution process is more damaging and more destructive to more people, or whether the r...

happy, happy, happy friday! my favorite day. >> i know. >> besides saturday and sunday. it's october 28th. welcome to "american morning." christine has the morning off. >> that game you know, i was so sad, because the yankees were out so early, but, boy, these guy, the rangers and cardinals have really kept this going. good. good baseball. up first, bernie madoff victims are saying don't buy this scam. saying they're having trouble finding sympathy after madoff's wife -- madoff said he's happier in prison and his wife told "60 minutes" the couple tried to kill themselves. the story...

Against the national black panther party doing what they did at the 2008 presidential election? why are you just now coming out now with racism against the tea party movement? why didn't you come out maybe a year ago when everyone else did? i think it has to do with the midterm electricals. what do you say about that? >> well, i think you're wrong, and very well -- >> no, i think you're wrong. you're trying to gin up race relations in this country, and it's very irresponsible. martha: go ahead. >> let me ask you a question the answer to the question is our resolution process requires those res...

Major financial institutions, ones that are, quote/unquote, too big to fail if they're in trouble again. the fact the democrats have agreed to take up this $50 bailout fund doesn't change the fact the fed and the treasury and fdic will have enormous capacities to, execute guarantees in a resolution process to salvage these firms and salvage creditors. that codifies too big to fail. >> hold o dan. if a bill is not passed by washington, tear stihey're stil to bail out the five or six big banks. if they don't, the economy collapses. what are you suggesting? are you teddy roosevelt of the 20th cen...