Detailed text transcripts for TV channel - MSNBC - 20120107:12:27:00
The regulations so as to create an appearance of sol vency while actually being fundamentally doing things that were excessively risky and led to insolvency. if this sounds arcane, this is it. this is what happens. >> warren buffet had a good line for it. he said, when the tide goes out, you see who is swimming without a bathing suit. everybody was skinny dipping. >> bozzle 2, right now, there is international regulations for how much capital you need to keep. what do you keep on your books that...
Source: news source