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>> what will you see then which we could do that we're not doing? in terms of somehow preventing another crisis like the one we just -- >> there's two issues. we need to think long and hard about the banks themselves, whether they will precipitate the next crisis. they are bigger than ever. they are too big to fail squared. the top ten banks in this country now control 75% of the bank assets. think about this concentration and what that means if one of them goes down. >> terrifying. >> the second component goes to the larger -- it's a larger political question. it goes to the debt ceiling we'r...

So far we've been able to push it into the future, and we always think we're going to get hfd it, but at some point we may not. >> like james was saying before, these things are often governed by a singular event. something could happen that damages the economy big-time. >> and it's usually something we're not thinking about. >> it's a great book, great movie, and great story. it's a story that people ought to go and see because that way lessons may be learned. >> thank you for your passion on it, by the way. >> i watched it with mounting fury. >> about the issue. it's important to let people ...

you can blame the bankers that went wild. regulators that weren't minding the store. >> what goes on behind closed doors on wall street? >> we stand strong, and on the other side we'll eat golden sludge. >> could it happen again? >> i don't think anybody realized that we were within a day away from a major international catastrophic and economic meltdown. >> james wood from "too big to fail," andrew ross sorkin, the man who wrote the book on the crisis. this is "piers morgan" tonight. good evening. it's costing dominique strauss-khan $1 million to get out of jail. the judge is gran...

agencies. you can blame congress. you can blame the bankers that went wild. regulators that weren't minding the store. >> what goes on behind closed doors on wall street? >> we stand strong, and on the other side we'll eat golden sludge. >> could it happen again? >> i don't think anybody realized that we were within a day away from a major international catastrophic and economic meltdown. >> james wood from "too big to fail," andrew ross sorkin, the man who wrote the book on the crisis. this is "pierce morgan" tonight. good evening. it's costing dominique strauss khan $1 million to...

>> you can blame greenspan. can you blame the rating agencies. you can blame congress. you can blame the bankers that went wild. regulators that weren't minding the store. >> what goes on behind closed doors on wall street? >> we stand strong, and on the other side we'll eat golden sludge. >> could it happen again? >> i don't think anybody realized that we were within a day away from a major international catastrophic and economic meltdown. >> james wood from "too big to fail," andrew ross sorkin, the man who wrote the book on the crisis. this is "pierce morgan" tonight. good eveni...