Detailed text transcripts for TV channel - MSNBC - 20100426:20:45:00
Im thinking about goldman sa ms where they pick bonds and underwritings and say i believe they wont be worth this much going forward, lets semisell t for a lot now and buy insurance on them. whats the merit to derivatives used in secret in that form? >> we have to bring transparency to the whole marketplace. they shouldnt be in secret. and we have to lower the cost and the risk to american public. the public should not stand behind these institutions. they shouldnt bail out these institutions. t...
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