since this was all happening and since it went public. how did he handle this in the campaign, and why didn't it affect his campaign? because he won. >> well, that's remarkable. just about nobody involved with this scheme ends up taking a serious political hit. rick perry and phil gramm remain very close to this day. phil gramm's just endorsed perry for president. rick perry's son goes to work for ubs, shortly after this happens, and then ubs makes a big pitch led by phil gramm to privatize the texas state lottery just a few years later so it didn't seem to have much of a long-term impact on his political career at all but still a remarkably morbid scheme for taxpayers to be sort of playing bookie here for wall street gamblers going after you know dead teachers. >> zach, address the cronyism. if you given direct perry's campaign, are you going to get a deal in the end somewhere? >> well, it depends. but generally in politics, you're much more likely to get the ear of lawmakers and elected officials if you spend a lot of money on campaign contributions. now phil gramm certainly spent a